(Figure: Revenue Schedule) Demand and Marginal Schedule
in the Figure

question 6

Multiple Choice

(Figure: Revenue Schedule) Demand and Marginal Schedule
In the figure, what is the marginal revenue for the fourth unit?
$\begin{array}{|l|l|l|}\hline \text { Price } & \text { Quantity } & \begin{array}{l}\text { Total } \\\text { Revenue }\end{array} \\\hline \$ 9 & 0 & 0 \\\hline 8 & 1 & \$ 8 \\\hline 7 & 2 & 14 \\\hline 6 & 3 & 18 \\\hline 5 & 4 & 20 \\\hline\end{array}$

• A) zero
• B) $2
• C) $5
• D) $20

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Definitions:

Payee

The individual or entity to whom a payment is to be made.

Drawee

A drawee is the party in a transaction, usually a bank, upon whom a check or draft is drawn and is responsible for paying the specified amount.

Time-certain Requirement

A provision in a contract or agreement that specifies a precise time by which an obligation must be fulfilled.

Constructive Conflict

refers to conflict that, when managed well, results in productive disagreement, leading to creative solutions and improvements without personal attacks.