Refer to the Following Table Showing a Demand Schedule $\begin{array}{ll}\text { Price } & \text { Quantity } \\ &\text { demanded } \\\$ 200 &1000\\150 & 1400 \\100 & 1800\end{array}$

question 27

Multiple Choice

Refer to the following table showing a demand schedule:

$\begin{array}{ll}\text { Price } & \text { Quantity } \\ &\text { demanded } \\\$ 200 &1000\\150 & 1400 \\100 & 1800\end{array}$
-As output rises from 1,400 to 1,800, what is marginal revenue?

• A) $25
• B) $50
• C) -$400
• D) -$50
• E) -$75

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Definitions:

Lord Dartmouth's

Pertaining to or associated with William Legge, the 2nd Earl of Dartmouth, an English nobleman involved in colonial American affairs pre-Revolution.

Concord

Concord refers to an agreement or harmony between parties or states, often used historically to describe peace treaties.

General Gage

Thomas Gage was a British general best known for his role in the early stages of the American Revolutionary War, particularly for his leadership in the battles of Lexington and Concord.

Commander-In-Chief

The title held by the president of a country or the highest-ranking official of the armed forces, denoting supreme authority over the military organizations.