(Figure: Revenue Schedule) Demand and Marginal Schedule
In the figure, what is the marginal revenue for the third unit?
$\begin{array}{|l|l|l|}
\hline \text { Price } & \text { Quantity } & \begin{array}{l}
\text { Total } \
\text { Revenue }
\end{array} \
\hline \$ 9 & 0 & 0 \
\hline 8 & 1 & \$ 8 \
\hline 7 & 2 & 14 \
\hline 6 & 3 & 18 \
\hline 5 & 4 & 20 \
\hline
\end{array}$
A) zero
B) $4
C) $6
D) $8

Question

(Figure: Revenue Schedule) Demand and Marginal Schedule
In the figure, what is the marginal revenue for the third unit?
 $\begin{array}{|l|l|l|}
\hline \text { Price } & \text { Quantity } & \begin{array}{l}
\text { Total } \
\text { Revenue }
\end{array} \
\hline \$ 9 & 0 & 0 \
\hline 8 & 1 & \$ 8 \
\hline 7 & 2 & 14 \
\hline 6 & 3 & 18 \
\hline 5 & 4 & 20 \
\hline
\end{array}$
A) zero
B) $4
C) $6
D) $8

Quizplus · Accepted Answer

The marginal revenue for the third unit is calculated by the change in total revenue when the quantity increases from 2 to 3 units. Total revenue increases from $14 to $18, so the marginal revenue is $18 - $14 = $4.

(Figure: Revenue Schedule) Demand and Marginal Schedule in the Figure

(Figure: Revenue Schedule) Demand and Marginal Schedule
in the Figure