The table given below shows the total revenue and total cost of producing a commodity.Table 9.1

-In Table 9.1, marginal revenue exceeds marginal cost:
A)until the fifth unit of output.
B)until the sixth unit of output.
C)up to the seventh unit of output.
D)up to the eighth unit of output.
E)at all units of output.

Question

The table given below shows the total revenue and total cost of producing a commodity.Table 9.1
 
-In Table 9.1, marginal revenue exceeds marginal cost:
A)until the fifth unit of output. 
B)until the sixth unit of output. 
C)up to the seventh unit of output. 
D)up to the eighth unit of output. 
E)at all units of output.

Quizplus · Accepted Answer

Marginal revenue exceeds marginal cost up to the seventh unit of output because the marginal revenue is greater than the marginal cost for the first seven units of output.

The Table Given Below Shows the Total Revenue and Total