15. A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be ​$140 per​ night, 140 rooms will be rented. In order to rent 190 ​rooms, it must lower the price to ​$90 per night. If the hotel sets the price to be​ $110 per​ night, what is the marginal​ revenue?   The marginal revenue is ​$enter your response here   per room.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Firms In Competitive Markets
Section: Chapter Questions
Problem 6PA: A firm in a competitive market receives 500 in total revenue and has marginal revenue of 10. What is...
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15.

A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be
​$140
per​ night,
140
rooms will be rented. In order to rent
190
​rooms, it must lower the price to
​$90
per night. If the hotel sets the price to be​ $110 per​ night, what is the marginal​ revenue?
 
The marginal revenue is
​$enter your response here
 
per room.
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