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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The process of making decisions or solving problems as a collective group rather than by individuals alone.

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