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Table 14-3
the Table Represents a Demand Curve Faced by a Firm

Question 47

Multiple Choice

Table 14-3
The table represents a demand curve faced by a firm in a competitive market.

 Quantity Demanded  (Units)   Total Revenue  (Dollars)  139115105171191913321147\begin{array} { | c | c | } \hline \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Total Revenue } \\\text { (Dollars) }\end{array} \\\hline 13 & 91 \\\hline 15 & 105 \\\hline 17 & 119 \\\hline 19 & 133 \\\hline 21 & 147 \\\hline\end{array}
-Refer to Table 14-3. For this firm, the marginal revenue of the 15th unit is


A) $1.
B) $2.
C) $7.
D) The marginal revenue cannot be determined without knowing the total revenue when 15 units are sold.

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