Table 14-1

$$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Price } \
\text { (Dollars per unit) }
\end{array} & \begin{array} { c }
\text { Quantity Demanded } \
\text { (Units) }
\end{array} \
\hline 5 & 0 \
\hline 5 & 2 \
\hline 5 & 4 \
\hline 5 & 6 \
\hline 5 & 8 \
\hline 5 & 10 \
\hline 5 & 12 \
\hline 5 & 14 \
\hline 5 & 16 \
\hline 5 & 18 \
\hline
\end{array}$$
-Refer to Table 14-1. Over what range of output is marginal revenue declining?
A)2 to 12 units
B)6 to 14 units
C)14 to 18 units
D)Marginal revenue is constant over the entire range of output.

Question

Table 14-1
​
​
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Price } \
\text { (Dollars per unit) }
\end{array} & \begin{array} { c } 
\text { Quantity Demanded } \
\text { (Units) }
\end{array} \
\hline 5 & 0 \
\hline 5 & 2 \
\hline 5 & 4 \
\hline 5 & 6 \
\hline 5 & 8 \
\hline 5 & 10 \
\hline 5 & 12 \
\hline 5 & 14 \
\hline 5 & 16 \
\hline 5 & 18 \
\hline
\end{array}$$
-Refer to Table 14-1. Over what range of output is marginal revenue declining?
A)2 to 12 units
B)6 to 14 units
C)14 to 18 units
D)Marginal revenue is constant over the entire range of output.

Quizplus · Accepted Answer

Marginal revenue is the additional revenue that a firm receives from selling one more unit of a good or service. In the table provided, the price remains constant at $5 per unit regardless of the quantity demanded. This means that for each additional unit sold, the revenue increases by the same amount ($5), indicating that marginal revenue does not decline but remains constant across all levels of output.

Table 14-1 ​ ​ -Refer to Table 14-1

Table 14-1

-Refer to Table 14-1