A firm, in a perfectly competitive market, produces and sells child car seats. The sales price is $600, the fixed cost are $3,00

Question

1 year ago

8

0 and the variable cost are $300 per unit. What is the marginal revenue for the 10th seat sold

1 answer:

irina1246 [14] · Answer 1 · 2023-03-10T20:32:11+03:00

The marginal revenue for the 10th seat sold is $600.

<h3>What is marginal revenue?</h3>

This is the increase in revenue that results from the sale of one additional unit of output.

In a perfectly competitive market, price, average revenue and marginal revenue are the same at each level of output.

P = AR = MR

For this given question, P = AR = MR = $600

Thus, the marginal revenue for the 10th seat sold is $600.

Learn more about marginal revenue here: brainly.com/question/13444663

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