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This Table Shows the Total Costs for Various Levels of Output

Question 65

Multiple Choice

This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market. This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market. According to the table shown,the firm's marginal revenue: A) is constant. B) increases as output increases. C) decreases as output increases. D) increases until the 3<sup>rd</sup> unit, then decreases. According to the table shown,the firm's marginal revenue:


A) is constant.
B) increases as output increases.
C) decreases as output increases.
D) increases until the 3rd unit, then decreases.

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