Multiple Choice
Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-3
-Refer to Table 13-3.The increase in total revenue generated by hiring the 5th unit of the factor of production is
A) -$11.00.
B) -$2.00.
C) $2.00.
D) $7.50.
E) $11.00.
Correct Answer:

Verified
Correct Answer:
Verified
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