Figure 13-3

-Refer to Figure 13-3.What is the marginal revenue of the sixth unit of output?
A)$4
B)$5
C)$9
D)$54

Name: Figure 13-3 -Refer to Figure 13-3.What is the marginal revenue of the sixth unit of output? A)$4 B)$5 C)$9 D)$54
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Figure 13-3
 
-Refer to Figure 13-3.What is the marginal revenue of the sixth unit of output?
A)$4 
B)$5 
C)$9 
D)$54

Quizplus · Accepted Answer

The marginal revenue is the change in total revenue from selling one more unit. If the total revenue from the fifth unit is $50 and from the sixth unit is $54, the marginal revenue is $54 - $50 = $4.

Figure 13-3 -Refer to Figure 13-3.What Is the Marginal Revenue of the Marginal