Multiple Choice
Table 10.1
-Refer to Table 10.1.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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