Table 9.3
$\begin{array}{llcc}
\text { Quantity } &\text { Price (\$)} \
\hline0 &7\
1&6\
2&5\
3&4\
4&3\
5&2\
6&1
\end{array}$

-Refer to Table 9.3.Marginal revenue from the fourth unit of output is _____
A)$12.
B)$3.
C)$4.
D)?$4.
E)$0.

Question

Table 9.3
 $\begin{array}{llcc}
  \text { Quantity } &\text { Price (\$)}  \
\hline0 &7\
 1&6\
2&5\
  3&4\
 4&3\
5&2\
6&1
\end{array}$

-Refer to Table 9.3.Marginal revenue from the fourth unit of output is _____
A)$12.
B)$3.
C)$4.
D)?$4.
E)$0.

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from selling one more unit. From 3 to 4 units, price drops from $4 to $3, so marginal revenue is $0 (since total revenue doesn't increase).

Table 93 Quantity Price ($)07162534435261\begin{array}{llcc} \text { Quantity } &\text { Price (\$)} \\\hline0 &7\\ 1&6\\2&5\\ 3&4\\ 4&3\\5&2\\6&1\end{array} Quantity 0123456​ Price ($)7654321​​

Table 93 $\begin{array}{llcc} \text { Quantity } &\text { Price (\$)} \\\hline0 &7\\ 1&6\\2&5\\ 3&4\\ 4&3\\5&2\\6&1\end{array}$