Table 14-11 Suppose That a Firm in a Competitive Market Faces the Faces

Table 14-11
Suppose that a firm in a competitive market faces the following prices and costs:

-Refer to Table 14-11. The marginal revenue from producing the 3rd unit equals i) $6.
Ii) the price.
Iii) the marginal cost.

A) i) only
B) i) and ii) only
C) iii) only
D) i) , ii) , and iii)