Consider the Information in the Table The Marginal Revenue for the Fourth Unit of Output Is

question 26

Multiple Choice

Consider the information in the table. $$\begin{array} { | c | c | } \hline \text { Quantity } & \text { Price } \\\hline 1 & \$ 20 \\\hline 2 & 16 \\\hline 3 & 12 \\\hline 4 & 8 \\\hline 5 & 4 \\\hline\end{array}$$ The marginal revenue for the fourth unit of output is

• A)$12
• B)$8
• C)-$4
• D)-$8

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Definitions:

Scholastic Ability

The capacity or potential of an individual to perform and achieve in academic settings.

Alex Osborn

An advertising executive and creative thinker known for coining the term "brainstorming" and co-founding the Creative Education Foundation.

Group Situation

The context or environment involving multiple individuals interacting or working together towards common goals or activities.

Creativity

The ability to produce original and valuable ideas or solutions, involving imagination and thinking outside the box.