Table 91 -Refer to Table 9

question 326

Multiple Choice

Table 9.1
$$\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Price } & \text { Total Revenue } \\&\text { (dollars) } & \text { (dollars) } \\\hline 1 & 7.50 & 7.50 \\\hline 2 & 7.00 & 14.00 \\\hline 3 & 6.50 & 19.50 \\\hline 4 & 6.00 & 24.00 \\\hline 5 & 5.50 & 27.50 \\\hline 6 & 5.00 & 30.00 \\\hline\end{array}$$
-Refer to Table 9.1.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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Definitions:

Serious Threat

A significant potential harm or danger that can have adverse effects on individuals, groups, or communities.

Symbolic Interactionists

Sociologists who study how people use symbols to create meaning, communicate, form views of the world, and develop their sense of self.

Produce and Interpret

The process of creating something and then making sense of it or assigning meaning to it.

Culture

The collective values, traditions, rituals, and societal conduct specific to a certain country or community.