The table shows revenue data for a firm in a perfectly competitive market. What is the price of output?
$\begin{array}{|c|c|}
\hline \text { Output } & \text { Total Revenue (TR) } \
\hline 0 & \$ 0.00 \
\hline 1 & \$ 3.50 \
\hline 2 & \$ 7.00 \
\hline 3 & \$ 10.50 \
\hline 4 & \$ 14.00 \
\hline 5 & \$ 17.50 \
\hline
\end{array}$

Question

The table shows revenue data for a firm in a perfectly competitive market. What is the price of output?
 $\begin{array}{|c|c|}
\hline \text { Output } & \text { Total Revenue (TR) } \
\hline 0 & \$ 0.00 \
\hline 1 & \$ 3.50 \
\hline 2 & \$ 7.00 \
\hline 3 & \$ 10.50 \
\hline 4 & \$ 14.00 \
\hline 5 & \$ 17.50 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of The table shows revenue data for a firm in a perfectly competitive market. What is the price of output?
 $\begin{array}{|c|c|}
\hline \text { Output } & \text { Total Revenue (TR) } \
\hline 0 & \$ 0.00 \
\hline 1 & \$ 3.50 \
\hline 2 & \$ 7.00 \
\hline 3 & \$ 10.50 \
\hline 4 & \$ 14.00 \
\hline 5 & \$ 17.50 \
\hline
\end{array}$

The Table Shows Revenue Data for a Firm in a Perfectly