Table 8.4
$\begin{array}{cc}
\begin{array}{c}
\text { Quantity } \
\text { of Output }
\end{array} & \text { Market Price (\$) } \
\hline 0 & 0 \
10 & 5 \
20 & 5 \
30 & 5 \
40 & 5 \
50 & 5
\end{array}$
-Refer to Table 8.4,which shows the output supplied by a firm and its total revenue.What happens to marginal revenue as the firm increases its output along the quantities shown?

Question

Table 8.4
 $\begin{array}{cc}
\begin{array}{c}
\text { Quantity } \
\text { of Output }
\end{array} & \text { Market Price (\$) } \
\hline 0 & 0 \
10 & 5 \
20 & 5 \
30 & 5 \
40 & 5 \
50 & 5
\end{array}$
-Refer to Table 8.4,which shows the output supplied by a firm and its total revenue.What happens to marginal revenue as the firm increases its output along the quantities shown?

Quizplus · Accepted Answer

Marginal revenue is the additional revenue earned from selling one more unit of output. In this case, since the market price stays constant at $5, the marginal revenue for each additional unit of output will also be $5. Therefore, it stays constant at $5 or $50 for all levels of output.

Table 84 -Refer to Table 8