When a firm expands output from 10 to II units and total revenue increases from

Question

When a firm expands output from 10 to II units and total revenue increases from $100 to $110, revenue of the eleventh unit Is: $110. $11. $10. Haircuts for men are often cheaper than haircuts for women, even when they are offered by the same stylist. Why might this tie price discrimination? Everyone has the same demand for haircuts. The margins cost of supplying a haircut may be loci for male than for female customers, and hair cutting Is a competitive industry with few fixed Stylists are misogynists. Demand for haircuts for women might be more inelastic than demand foe haircuts foe men, and haircuts are impossible to arbitrage.

Explanation / Answer

1.
$ 10
MR=110-100=10

2.Ans is option 4

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