Optical Innovations, Inc. has a monopoly on one of its products. The company is currently producing 459 units. Help them decide if they should increase output one more unit. What is the marginal revenue of the 460th unit? g

$50

Explanation:

The Marginal revenue from selling a good is the additional revenue gained from selling an extra unit of the good. It is therefore the difference between the Revenue when the last unit was sold and the revenue when the current unit was sold.

Marginal Revenue at 460th unit = Total Revenue at 460 units - Total Revenue at 459 units

= 16,574 - 16,524

= $50

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