HELP PLEASE
1. Table 14-14
The following table presents cost and revenue information for Bob’s bakery production and sales.
Quantity | Total Cost | Marginal Cost | Price | Total Revenue | Marginal Revenue |
0 | $5.00 | --- | $3.25 |
| --- |
1 | $5.50 |
| $3.25 |
|
|
2 | $6.50 |
| $3.25 |
|
|
3 | $8.00 |
| $3.25 |
|
|
4 | $10.00 |
| $3.25 |
|
|
5 | $12.50 |
| $3.25 |
|
|
6 | $15.50 |
| $3.25 |
|
|
7 | $19.00 |
| $3.25 |
|
|
8 | $23.00 |
| $3.25 |
|
|
Refer to Table 14-14. What is the marginal revenue of the 4th unit? (Points : 5)
11 years ago 20