Consider the following information. Suppose FC=$11,400. Further suppose that when q=9 then AVC=$1,500 and when q=10 then ATC=$2,500. If the firm decides to make 10 units (q=10), what is the MR at q=10?

Group of answer choices:
$100
$500
$700
Not enough information

Marginal Revenue can be calculated only when the price per unit is given, but here no such information is given and calculation cannot be made.

What is marginal revenue?

The additional revenue earned by a firm when it determines to produce and sell one additional unit of the same product is known as the Marginal Revenue of the same.

Marginal Revenue cannot be calculated in the absence of price information of unit or the entire cost.

Thus, option D holds true regarding Marginal Revenue.

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Consider the following information. Suppose FC=$11,400. Further suppose that when q=9 then AVC=$1,500 and when q=10 then ATC=$2,500. If the firm decides to make 10 units (q=10), what is the MR at q=10? Group of answer choices: $100 $500 $700 Not enough information

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What is marginal revenue?

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Consider the following information. Suppose FC=$11,400. Further suppose that when q=9 then AVC=$1,500 and when q=10 then ATC=$2,500. If the firm decides to make 10 units (q=10), what is the MR at q=10?

Group of answer choices:
$100
$500
$700
Not enough information