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If a dance instructor prices her lessons at $60 per student, she will have three students. If she prices her lessons at $50 per student, she will have four students. How much marginal revenue will she generate by pricing her lessons at $50 and having four students, instead of three

Respuesta :

StephanieLoyal

Answer:

$200

Step-by-step explanation:

50 x 4 = 200 instead of 3

10iinaseemii10

Answer:

$20

Step-by-step explanation:

Pricing at $60 with three students

Total revenue = $60/student x 3 students = $180

Pricing at $50 with four students

Total revenue = $50/student x 4 students = $200

Now, we will calculate the marginal revenue by subtracting the total revenue from Option A from the total revenue from option B

Marginal Revenue = Total revenue with $50 pricing - Total revenue with $60 pricing

Marginal Revenue = $200 - $180

Marginal Revenue = $20

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