Use the following to answer questions: Table: Competitive Firm
-(Table: Competitive Firm) The marginal revenue for the fifth unit of output is:
A) $70.
B) $90.
C) $450.
D) $20.

Question

Use the following to answer questions: Table: Competitive Firm 
-(Table: Competitive Firm) The marginal revenue for the fifth unit of output is:
A) $70. 
B) $90. 
C) $450. 
D) $20.

Quizplus · Accepted Answer

The marginal revenue for the fifth unit of output is the change in total revenue when producing the fifth unit, which is $90 in this case. This is because the total revenue for producing the fourth unit is $320 and the total revenue for producing the fifth unit is $410, therefore the change in total revenue is $90 ($410-$320=$90).

Use the Following to Answer Questions: Table: Competitive Firm