What Is Marginal Revenue? Based on the Provided Schedule from the Chesapeake

question 38

Essay

What is marginal revenue? Based on the provided schedule from the Chesapeake Bay Swing Company,at which quantity should Chesapeake Bay start producing additional swings?
$\begin{array}{l}\\\begin{array} { c c c } \text { Quantity }&\text { Marginal Revernue } & \text { Marginal Cost } & \text { Total Profit } \\1&2 6 0 & 1160 & \$ 200 \\2&110 & 140 & 270 \\3&190 & 120 & 340 \\4&170 & 140 & 370 \\5&160 & 160 & 370 \\6&150 & 180 & 340 \\7&120 & 220 & 240\end{array}\end{array}$

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Multidimensional

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