Refer to the information provided in Figure 13.4 below to answer the questions that follow. Figure 13.4
-Refer to Figure 13.4. This firm's marginal revenue will be positive at
A) prices above $20.
B) prices above $10.
C) all prices.
D) prices between $4 and $8.

Question

Refer to the information provided in Figure 13.4 below to answer the questions that follow.  Figure 13.4
-Refer to Figure 13.4. This firm's marginal revenue will be positive at
A) prices above $20. 
B) prices above $10. 
C) all prices. 
D) prices between $4 and $8.

Quizplus · Accepted Answer

From the graph, it can be seen that the marginal revenue curve intersects the x-axis (price axis) at a value greater than $0, which means the firm will have positive marginal revenue for prices above $10. Therefore, the best choice is option B.

Refer to the Information Provided in Figure 13