Consider the Following Production and Cost Schedule for a Firm

question 97

Multiple Choice

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-3
-Refer to Table 13-3.The rise in total revenue generated by hiring the 4th unit of the factor of production is

• A)-$11.00.
• B)$2.00.
• C)$3.67.
• D)$7.50.
• E)$28.00.

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