Refer to Figure 13.2. The marginal revenue of the fourth pound of cheese is

A) $1.
B) $3.
C) $6.
D) $24.

Question

Refer to Figure 13.2. The marginal revenue of the fourth pound of cheese isA)  $1.B)  $3.C)  $6.D)  $24.

Alexis Lawton · Accepted Answer

Final Answer : B, Explanation :  Marginal revenue is the additional revenue from selling one more unit. If the price per pound decreases as more is sold, the marginal revenue for the fourth pound would be the difference in total revenue between selling three and four pounds.

Refer to Figure 13.2. The marginal revenue of the fourth pound of cheese is

A) $1.
B) $3.
C) $6.
D) $24.

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