$$\begin{array} { c r }
\text { Output } & \text { Price } \
1 & \$ 25 \
2 & 23 \
3 & 21 \
4 & 19 \
5 & 17
\end{array}$$
-The marginal revenue that would be derived from producing a fifth unit of output is
A)$9.
B)$11.
C)$13.
D)$15.
E)$17.

Question

$$\begin{array} { c r } 
\text { Output } & \text { Price } \
1 & \$ 25 \
2 & 23 \
3 & 21 \
4 & 19 \
5 & 17
\end{array}$$
-The marginal revenue that would be derived from producing a fifth unit of output is
A)$9.
B)$11.
C)$13.
D)$15.
E)$17.

Quizplus · Accepted Answer

The marginal revenue from producing a fifth unit of output is calculated by the difference in total revenue from producing 5 units instead of 4. Total revenue for 4 units is $4 \times 19 = \$76$, and for 5 units, it's $5 \times 17 = \$85$. The marginal revenue is $85 - 76 = \$9$.

Output Price 1$25223321419517\begin{array} { c r } \text { Output } & \text { Price } \\1 & \$ 25 \\2 & 23 \\3 & 21 \\4 & 19 \\5 & 17\end{array} Output 12345​ Price $2523211917​

$\begin{array} { c r } \text { Output } & \text { Price } \\1 & \$ 25 \\2 & 23 \\3 & 21 \\4 & 19 \\5 & 17\end{array}$