Table 91 -Refer to Table 9

question 128

Multiple Choice

Table 9.1
$$\begin{array} { | c | c | c | c | } \hline \text { Quantity } & \text { Price } ( \$ ) & \begin{array} { l } \text { Total } \\\text { Revenue }\end{array} & \begin{array} { l } \text { Marginal } \\\text { Revenue }\end{array} \\\hline 1 & 50 & 50 & - \\\hline 2 & 45 & 90 & 40 \\\hline 3 & 40 & & 30 \\\hline 4 & & 140 & 20 \\\hline 5 & 30 & 150 & \\\hline\end{array}$$
-Refer to Table 9.1,which shows revenue for a monopolist.Average revenue for 4 units is _____

• A)$10.
• B)$120.
• C)$90.
• D)$35.
• E)$50.

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Definitions:

Equipment Utilization

A measure of how effectively a piece of equipment is being used, often expressed as a percentage of its full capacity over a given period.

Process-focused Service

A service design strategy that emphasizes the customization and flexibility of services according to the process requirements of individual customers.

Mass Customization

is a manufacturing technique that combines the flexibility and personalization of custom-made products with the low costs associated with mass production.

Process Analysis

The study of workflow within a business to identify its operational processes and improve efficiency and productivity.