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

question 239

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.How many pounds of apples should Margie sell to maximize her profit?

• A) 300 pounds
• B) 400 pounds
• C) This cannot be determined without knowing Margie's total or marginal production costs.
• D) This can be determined only when all of the values for market price, total revenue, average revenue and marginal revenue are given.

---

Definitions:

Produced In Quantity

This term refers to items that are manufactured or created in large volumes, typically using industrial processes for economies of scale.

Tight Spaces

Areas or locations with a limited or confined amount of space, posing challenges for movement or fitting in equipment.

Dimension Lines

Lines on a drawing that represent the measurement of a feature, accompanied by arrows and numerical values to denote length.

Object Lines

Thick solid lines in technical drawings that represent the visible edges of an object.