Use the Following to Answer Question

question 119

Multiple Choice

Use the following to answer question:
-(Table: Demand and Total Cost) Use Table: Demand and Total Cost.Lenoia runs a natural monopoly firm producing electricity for a small mountain village.The table shows Lenoia's demand and total cost of producing electricity.The marginal revenue of the fourth unit of production is:

• A)$200.
• B)$250.
• C)$450.
• D)$500.

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Definitions:

Confidence

In statistics, confidence refers to the probability that a parameter lies within a specified interval estimate.

Confidence Interval Estimate

The specific range estimated from the sample data within which the true value of a population parameter is expected to fall with a certain level of confidence.

Normally Distributed

A type of distribution where data points are symmetrically distributed around the mean, forming a bell-shaped curve.

Antioxidants

Substances that can prevent or slow damage to cells caused by free radicals, often found in food.