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.When does marginal revenue start increasing?

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.When does marginal revenue start increasing?

Quizplus · Accepted Answer

Since the market price stays constant at \$5 throughout all levels of output, marginal revenue will also be constant and equal to \$5. Therefore, marginal revenue does not start increasing at any quantity and remains constant at MR=P.

Table 84 -Refer to Table 8