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The Following Table Shows the Total Revenue (In Dollars) and Total

Question 3

Multiple Choice

The following table shows the total revenue (in dollars) and total cost (in dollars) from the production and sale of different units of a product.
Table 2-1
 Price  Quantity  Total Revenue  Total Cost 1511531422871333912124481811555251066033\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity } & \text { Total Revenue } & \text { Total Cost } \\\hline 15 & 1 & 15 & 3 \\\hline 14 & 2 & 28 & 7 \\\hline 13 & 3 & 39 & 12 \\\hline 12 & 4 & 48 & 18 \\\hline 11 & 5 & 55 & 25 \\\hline 10 & 6 & 60 & 33 \\\hline\end{array}
-Refer to Table 2-1. What is the marginal revenue associated with the sale of the 5th unit of the good?


A) $55
B) $8
C) $7
D) $48
E) $4

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