-Refer to Figure 10.1.The marginal revenue of the sixth pound of cheese is

Question

Quizplus · Accepted Answer

The marginal revenue of the sixth pound of cheese is calculated by the change in total revenue from selling the fifth to the sixth pound. If the total revenue increases by a small amount or decreases (indicating a negative marginal revenue), it reflects the additional revenue generated by selling one more unit. In this case, without the specific figure, the general approach to find marginal revenue is to look at the difference in total revenue between the two quantities. Since the question suggests a decrease, the closest logical answer based on the provided options is -$1, indicating a decrease in total revenue with the sale of the sixth pound, which aligns with how marginal revenue can become negative if additional sales reduce total revenue.