Dimitri has several apple trees in his yard, and apples are a perfectly competitive market with a price of $2 per pound. if dimitri sells apples at the farmer's market, what is his total revenue and marginal revenue when he sells the 100th pound of apples?
The total revenue and the marginal revenue when he sells the 100th pound of apples is total revenue is $200 (100 * 2) and marginal revenue is $2 (the price of the apple per pound in the market)
So the answer is the total revenue of Dimitri is $200 while the marginal revenue is $2.
