Consider the Price and Quantity Data Below for a Perfectly

question 16

Multiple Choice

Consider the price and quantity data below for a perfectly competitive firm producing mousetraps. $$\begin{array}{l}\begin{array} { | l | l | } \hline \text { Price } ( \$ ) & \text { Quantity } \\\hline 5 & 1000 \\\hline 5 & 1250 \\\hline 5 & 1500 \\\hline 5 & 1750 \\\hline 5 & 2000 \\\hline\end{array}\\\text { TABLE 9- } 1\end{array}$$
-Refer to Table 9- 1. If this firm is producing 1250 mousetraps, its total revenue is , its average revenue is and its marginal revenue is .

• A) $5; $5; $5
• B) $6250; $250; $5
• C) $6250; $5; $5
• D) $5000; $5; $250
• E) $1750; $250; $5

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