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 decreasing?

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 decreasing?

Quizplus · Accepted Answer

Marginal revenue (MR) is the change in total revenue from selling one more unit of a good. In this table, the market price stays constant at $5 for all quantities of output, which means the marginal revenue remains constant at $5 (MR = P) and does not decrease at any point.

Table 84 -Refer to Table 8