Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. Figure 13.2
-Refer to Figure 13.2. The marginal revenue of the fourth pound of cheese is
A) $1.
B) $3.
C) $6.
D) $24.

Question

Refer to the information provided in Figure 13.2 below to answer the question(s) that follow.  Figure 13.2
-Refer to Figure 13.2. The marginal revenue of the fourth pound of cheese is
A) $1. 
B) $3. 
C) $6. 
D) $24.

Quizplus · Accepted Answer

Marginal revenue is the additional revenue from selling one more unit. If the price per pound decreases as more is sold, the marginal revenue for the fourth pound would be the difference in total revenue between selling three and four pounds.

Refer to the Information Provided in Figure 13