Refer to the Information Provided in Table 2 -Refer to Table 2

question 6

Multiple Choice

Refer to the information provided in Table 2.1 below to answer the following questions.
Table 2.1
$$\begin{array} { | c | c | c | } \hline & \text { Krystal } & \text { Mark } \\\hline \text { Writing Poerns } & 8 & 12 \\\hline \text { Writing TV Comrnercials } & 2 & 4 \\\hline\end{array}$$
-Refer to Table 2.1. For Mark, the opportunity cost of writing six TV commercials is ________ poems made.

• A) 2
• B) 18
• C) 24
• D) an indeterminate number of

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Definitions:

Total Revenue

Total Revenue is the total amount of money received by a firm from sales of goods or services before any expenses are deducted.

Economic Profit

The contrast between cumulative revenue and cumulative costs, taking into account both clear and veiled expenses.

Economic Costs

The sum of explicit costs (direct payment for resources) and implicit costs (opportunity costs of using resources owned by the firm).

Marginal Revenue

Marginal revenue is the additional income that is generated by selling one more unit of a good or service.