Table 10.1 -Refer to Table 10.1.What Portion of the Marginal Revenue of Marginal

question 24

Multiple Choice

Table 10.1
-Refer to Table 10.1.What portion of the marginal revenue of the 5th unit is due to the output effect and what portion is due to the price effect?

• A)Output effect = $3.00; price effect = $0.50
• B)Output effect = $1.50; price effect = $2.00
• C)Output effect = $5.50; price effect = -$2.00
• D)Output effect = $4.00; price effect = -$0.50

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