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 - graph-supported reasoning

A clinic intake study has marginal revenue \(43\) and marginal cost \(24\) at the current output. Calculate marginal profit. Confirm the interpretation before entering the result. Enter the requested value and choose the interpretation that matches the result.

Worked practice: result and interpretation

Calculate the requested result first, then choose the interpretation that follows from it.