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

Multiple Choice

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)