150 120 Marginal Revenue 30 -30 3 6 9 12 15 21 24 27 30 QUANTITY (Units) Comparing your total revenue graph to your marginal revenue graph, you can see that total revenue is maximized at the output at which marginal revenue is equal to zero. MARGINAL REVENUE (Dollars)

150 120 Marginal Revenue 30 -30 3 6 9 12 15 21 24 27 30 QUANTITY (Units) Comparing your total revenue graph to your marginal revenue graph, you can see that total revenue is maximized at the output at which marginal revenue is equal to zero. MARGINAL REVENUE (Dollars)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 1P

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Question

150
120
Marginal Revenue
90
60
30
-30
9
12
15
21
24
27
30
QUANTITY (Units)
Comparing your total revenue graph to your marginal revenue graph, you can see that total revenue is
maximized
at the output at which
marginal revenue is equal to zero.
MARGINAL REVENUE (Dollars)

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