Table 11-1 -Refer to Table 11-1

question 325

Multiple Choice

Table 11-1
$\begin{array}{|c|c|c|}\hline \text { Quantity } & \begin{array}{c}\text { Price } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Total Revenue } \\\text { (dollars) }\end{array} \\\hline 1 & \$ 7.50 & \$ 7.50 \\\hline 2 & 7.00 & 14.00 \\\hline 3 & 6.50 & 19.50 \\\hline 4 & 6.00 & 24.00 \\\hline 5 & 5.50 & 27.50 \\\hline 6 & 5.00 & 30.00 \\\hline\end{array}$
-Refer to Table 11-1.What portion of the marginal revenue of the 4th unit is due to the output effect and what portion is due to the price effect?

• A) output effect = $24.00; price effect = $19.50
• B) output effect = $6.50; price effect = $2.00
• C) output effect = -$0.50; price effect = $5.00
• D) output effect = $6.00; price effect = -$1.50

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Definitions:

Grief

The intense emotional suffering or distress experienced as a result of loss, especially the death of a loved one.

Loved One

A person with whom one shares a deep bond of affection and care, often a family member or close friend.

Anticipating Death

The psychological process of preparing oneself for the inevitability of death, whether due to terminal illness or aging.

Leave Home

The act or process of moving out of one's parental house to live independently.