Table 14-1
This table shows the revenue and costs of a parrot farmer.

-Refer to Table 14-1. Average revenue will equal to marginal cost when harvest is equal to:

Question

Table 14-1
This table shows the revenue and costs of a parrot farmer.
 
-Refer to Table 14-1. Average revenue will equal to marginal cost when harvest is equal to:

Quizplus · Accepted Answer

To find the point at which average revenue equals marginal cost, we need to compare the values in the "AR" (average revenue) and "MC" (marginal cost) columns. At a harvest of 5 parrots, the AR is $20, which matches the MC. Therefore, the best choice is 5 parrots.

Table 14-1 This Table Shows the Revenue and Costs of a Parrot