Table 9-2 Table 9-2 Lists the Various Pounds (Lbs

question 296

Multiple Choice

Table 9-2
$\begin{array}{|c|c|c|c|c|}\hline\begin{array}{c}\text { Apples } \\\text { (pounds) }\end{array} & \begin{array}{c}\text { MarketPrice } \\\text { per Pound }\end{array} & \begin{array}{c}\text { Total } \\\text { Revenue } \\(\text { TR) }\end{array} & \begin{array}{c}\text { Average } \\\text { Revenue } \\\text { (AR) }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Revenue } \\\text { (MIR) }\end{array} \\\hline 0 & \$ 3 & \$ 0 & \cdots& \cdots \\\hline 100 & & & & \\\hline 150 & & & & \\\hline 200 & & & & \\\hline 250 & & & & \\\hline 300 & & & & \\\hline 350 & & & & \\\hline 400 & & & & \\\hline\end{array}$ Table 9-2 lists the various pounds (lbs.) of apples that Margie Stattler can sell. Assume that Margie operates in a perfectly competitive market.
-Refer to Table 9-2.What is Margie's total revenue if she sells 250 pounds of apples?

• A) $250
• B) $500
• C) $750
• D) There is not enough information in the table to determine Margie's total revenue.

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