(Table: Barrels of Oil) Refer to the table. What is the marginalrevenue of producing the fifth barrel of oil?
A)61
B)50
C)200
D)250

Question

(Table: Barrels of Oil) Refer to the table. What is the marginalrevenue of producing the fifth barrel of oil?
A)61 
B)50 
C)200 
D)250

Quizplus · Accepted Answer

To find the marginal revenue of producing the fifth barrel of oil, we need to look at the change in total revenue when we increase production from four barrels to five barrels. The total revenue for producing four barrels is $200, and the total revenue for producing five barrels is $250. Therefore, the marginal revenue of producing the fifth barrel of oil is $50. Option B is the correct choice.

(Table: Barrels of Oil) Refer to the Table