Question

question
assume for a perfectly competitive firm the market price of one box of tissues is $4.
what is the marginal revenue when sales increase from 100 boxes to 200 boxes?
provide your answer below.
mr = $□

Explanation:

Step1: Recall marginal revenue formula

Marginal revenue (MR) is the change in total revenue divided by the change in quantity. In a perfectly - competitive market, price (P) equals marginal revenue.

Step2: Identify given values

The market price P = $4. In a perfectly competitive market, marginal revenue is constant and equal to the market price.

Answer:

$4