(Figure: Revenue Schedule) Demand and Marginal Schedule
In the figure, what is the marginal revenue for the fourth 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) $2
C) $5
D) $20

Question

(Figure: Revenue Schedule) Demand and Marginal Schedule
In the figure, what is the marginal revenue for the fourth 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) $2
C) $5
D) $20

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from selling one more unit. For the fourth unit, total revenue increases from $18 to $20, a change of $2.

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

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