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Table 14-1

​ -Refer to Table 14-1

Question 150

Multiple Choice

Table 14-1


 Price  (Dollars per unit)   Quantity Demanded  (Units)  5052545658510512514516518\begin{array} { | c | c | } \hline \begin{array} { c } \text { Price } \\\text { (Dollars per unit) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} \\\hline 5 & 0 \\\hline 5 & 2 \\\hline 5 & 4 \\\hline 5 & 6 \\\hline 5 & 8 \\\hline 5 & 10 \\\hline 5 & 12 \\\hline 5 & 14 \\\hline 5 & 16 \\\hline 5 & 18 \\\hline\end{array}
-Refer to Table 14-1. Over which range of output is average revenue equal to price?


A) 2 to 10 units
B) 6 to 14 units
C) 10 to 18 units
D) Average revenue is equal to price over the entire range of output.

Correct Answer:

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