What Is the Next Number in the Following Sequence: 5

question 9

Multiple Choice

What is the next number in the following sequence: 5, 24, 10, 12, 15, 6, 20, ?

• A)3
• B)14
• C)25
• D)26
• E)30

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Definitions:

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production.

Marginal Expenditure

The supplementary cost resulting from acquiring an extra unit of a good or service.

Economic Rent

Economic rent is the excess payment made to or received by a factor of production over and above what would have been needed to bring that factor into production.

Competitive Factor Market

A market for inputs where firms purchase resources necessary for production, characterized by many sellers and buyers.