an output (units) of 2, at a price of 16, and a marginal cost of 4. How do you get a marginal revenue of 14?

/in /by

Please explain.

You have an output (units) of 2, at a price of 16, and a marginal cost of 4. How do you get a marginal revenue of 14?

You have an output (units) of 3, at a price of 14, and a marginal cost of 6.  How do you get a marginal revenue of 10?

Thank you!

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"