The Table Given Below Shows the Price of Each Unit

question 85

Multiple Choice

The table given below shows the price of each unit of the product manufactured by a firm and the marginal cost of producing different units of the output.Table: 10.1

-According to the information in Table 10.1, the marginal revenue of the firm:

• A)is equal to the marginal cost at each level of output.
• B)is equal to price times output.
• C)is equal to price times marginal cost.
• D)is equal to $1 at all levels of the output.
• E)decreases with an increase in output.

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