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Use the Information About Marginal Revenue (MR) That Is Presented

Question 37

Multiple Choice

Use the information about marginal revenue (MR) that is presented in the table below to determine the level of output that maximizes total revenue.
 Output 123456789MR50403020100102030\begin{array} { l r r r r r r r r r } \text { Output } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 \\M R & 50 & 40 & 30 & 20 & 10 & 0 & - 10 & - 20 & - 30\end{array}


A) 1
B) 6
C) 9
D) There is not enough information to determine the answer.

Correct Answer:

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