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

question 20

Multiple Choice

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

• A) $0
• B) $4
• C) $20
• D) $22

---

Definitions:

Legislation Limits

Restrictions or caps established by laws or regulatory bodies that aim to control or regulate certain activities or behaviors.

Cost Function

A mathematical formula that describes the total cost of production as a function of the quantity of output produced.

Output Of Apples

The total amount of apples produced in a given time period, often used in agricultural and economic analysis.

Cost Function

A mathematical formula or representation showing how costs vary with changes in the level of an activity, such as production volume.