Multiple Choice
Table 11-1
-Refer to Table 11-1.What portion of the marginal revenue of the 4th unit is due to the output effect and what portion is due to the price effect?
A) output effect = $24.00; price effect = $19.50
B) output effect = $6.50; price effect = $2.00
C) output effect = -$0.50; price effect = $5.00
D) output effect = $6.00; price effect = -$1.50
Correct Answer:

Verified
Correct Answer:
Verified
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Q320: Figure 11-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6608/.jpg" alt="Figure 11-9