-In the Above Table, If the Quantity Sold by the Firm

question 452

Multiple Choice

-In the above table, if the quantity sold by the firm rises from 5 to 6, its marginal revenue is

• A) $15.
• B) $30.
• C) $75.
• D) $90.

---

Definitions:

Individual Marginal Benefit

The additional benefit received by an individual from consuming one more unit of a good or service.

Traffic Lights

Traffic lights are signaling devices positioned at road intersections and pedestrian crossings to control the flow of traffic, using a universal color code to signal stop, go, and caution.

Socially Efficient

A situation in which resources are allocated in the most beneficial way from the perspective of society as a whole, considering both private and external costs and benefits.

Individual Resident

A person who inhabits a particular place, typically referring to living in a specific geographic area or dwelling.