Multiple Choice
Table 8.4
-Refer to Table 8.4,which shows the output supplied by a firm and its total revenue.As this is a competitive market structure,what is the difference between average revenue and marginal revenue?
A) It varies with output.
B) It stays constant at $50.
C) It gradually increases by decreasing amounts.
D) It gradually increases by increasing amounts.
E) It ranges from a low of $50 to a high of $250.
Correct Answer:

Verified
Correct Answer:
Verified
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