Total Revenue for Producing Eight Units of Output Is $48

question 137

Multiple Choice

Total revenue for producing eight units of output is $48.Total revenue for producing nine units of output is $63.Given this information,the:

• A) average revenue for producing nine units is $1.
• B) average revenue for producing nine units is $15.
• C) marginal revenue for producing the ninth unit is $1.
• D) marginal revenue for producing the ninth unit is $15.

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Definitions:

Maximum Preset Time

The highest period that can be preconfigured for a timer or similar device before it triggers an event or action.

Timer Instructions

Commands in a programming language or control system for measuring time intervals or scheduling the execution of tasks.

On-Delay Nonretentive Timer

An electrical control function that delays the energizing of a circuit for a set period after a signal is received, but does not retain the timing interval in case of power loss.