Table 14-16
The table represents the demand information for a firm in a competitive market.
-Refer to Table 14-16. For this firm, marginal revenue at an output of 10 units is
A)$15.
B)$150.
C)$1500.
D)$0.

Question

​Table 14-16
The table represents the demand information for a firm in a competitive market.  ​
-​Refer to Table 14-16. For this firm, marginal revenue at an output of 10 units is
A)​$15. 
B)​$150. 
C)​$1500. 
D)​$0.

Quizplus · Accepted Answer

Marginal revenue is the additional revenue from selling one more unit. If the firm sells 10 units, the marginal revenue is the price of the 10th unit, which is $15.

​Table 14-16 the Table Represents the Demand Information for a Firm in Firm

Table 14-16 the Table Represents the Demand Information for a Firm in Firm