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ECON-1010-D1/D2-Introduction to Microeconomics

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Sue's Surfboards is the sole renter of surfboards on Big Wave Island. Sue does not price discriminate. For Sue's Surfboards, the change in total revenue from each additional surfboard rented is her

marginal revenue, which is equal to the rental price of a surfboard.

marginal revenue, which is equal to average total cost in the long run.

marginal cost, which is greater than the rental price of a surfboard.

marginal cost, which is constant regardless of how many surfboards are rented.

marginal revenue, which is less than the rental price of a surfboard.

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