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What Is the Marginal Revenue of Producing the Third Unit

question 61

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What is the marginal revenue of producing the third unit?

 No. Units Produced  Total Revenue Total Costs 0001100502180110325018042902705310380\begin{array} { c c c } \text { No. Units Produced } & \text { Total Revenue } & \text {Total Costs } \\0 & 0 & 0 \\ 1 & 100 & 50 \\ 2 & 180 & 110 \\ 3 & 250 & 180 \\ 4 & 290 & 270 \\ 5 & 310 & 380 \end{array}

Definitions:

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