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
-Refer to Table 2-1.What is the marginal revenue of the firm associated with the sale of the 5th unit of the good?
A) $55
B) $8
C) $7
D) $48
E) $4
Correct Answer:

Verified
Correct Answer:
Verified
Q17: In each case below, find the
Q20: Assume that a firm is producing at
Q23: Assume that Burger King,a fast food chain,enters
Q26: For a downward-sloping demand curve, the associated
Q29: Carefully define marginal analysis, and explain how
Q30: A firm's total revenue function is given
Q31: The demand for a product is given
Q32: Max Whitley,manager of Whitley Construction,builds new homes
Q33: The demand for a firm's product is
Q39: Night Timers is a small company manufacturing