attorney charges client $4000 plus $120 per hour. What is revenue for 100 hours of work? What is her revenue for 101 hours of work? By how much did the one extra hour of work increase revenue?

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by Debbie140 at June 05, 2010

Marginal revenue. A defense attorney charges her client $4000 plus $120 per hour. The formula R 120n 4000 gives her revenue in dollars for n hours of work. What is her revenue for 100 hours of work? What is her revenue for 101 hours of work? By how much did the one extra hour of work increase the revenue? (The increase in revenue is called the marginal revenue for the 101st hour.)