IB skill practice

Use marginal cost and revenue

Calculate marginal profit from marginal revenue and marginal cost.

Paper 1, Paper 2 5 marks Difficulty 5

Use marginal cost and revenue - scenario calculation

A renewable energy trial has marginal revenue \(41\) and marginal cost \(22\) at the current output. Calculate marginal profit. Enter the requested value and choose the interpretation that matches the result.

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