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

A) -$5.
B) $5.
C) $7.
D) $21.

Question

Refer to Figure 13.2. The marginal revenue of the third pound of cheese isA)  -$5.B)  $5.C)  $7.D)  $21.

Larissa Devasconcelos · Accepted Answer

Final Answer : B, Explanation :  Marginal revenue is the change in total revenue from selling one more unit of a product. If the total revenue from selling 2 pounds of cheese is $14 and from selling 3 pounds is $19, the marginal revenue of the third pound is $19 - $14 = $5.

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

A) -$5.
B) $5.
C) $7.
D) $21.

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