Use the following to answer questions below:
-Refer to the total revenue graph. Marginal revenue is decreasing when output is equal to
A) 2
B) 5
C) 7
D) All of the above are correct.

Question

Use the following to answer questions below: 
-Refer to the total revenue graph. Marginal revenue is decreasing when output is equal to
A) 2 
B) 5 
C) 7 
D) All of the above are correct.

Quizplus · Accepted Answer

Marginal revenue decreases as output increases, which is typically the case in a downward-sloping demand curve scenario. Therefore, marginal revenue is decreasing at all given output levels.

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