Use the following table to answer questions 38 - 41:
-What is the marginal revenue of producing the fourth unit?
A) 90
B) 40
C) 20
D) 180
Correct Answer:
Verified
Q3: Use the following to answer question
Q27: Use the following to answer questions 11-16:
Q28: Which is not a fixed cost?
A)monthly rent
Q30: Use the following to answer questions 11-16:
Q31: A firm is thinking of hiring an
Q32: When economists speak of "marginal",they mean
A)Opportunity
B)Scarcity
C)Incremental
D)Unimportant
Q33: Use the following table to answer questions
Q34: Average cost is
A)Total variable cost divided by
Q35: Use the following to answer questions 11-16:
Q36: If you know that with 8 units
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