Based on the Table Below What Is the Marginal Revenue $\begin{array}{llcc} \underline{\text { Quantity } }& \underline{\text {Price }} \\13&\$50.00\\14&\$49.75\\15&\$49.50\end{array}$

question 73

Multiple Choice

Based on the table below what is the marginal revenue of the 14^th unit of output? $\begin{array}{llcc} \underline{\text { Quantity } }& \underline{\text {Price }} \\13&\$50.00\\14&\$49.75\\15&\$49.50\end{array}$

• A)$0.25
• B)$46.00
• C)$46.50
• D)$49.75

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Definitions:

Critical Value

A threshold in hypothesis testing that defines the boundary for rejecting the null hypothesis.

Normal Curve

A symmetrical bell-shaped curve that represents the distribution of many types of data where most values cluster around a mean.

Obtained Value

The score or number that results from a specific measurement or calculation.

Critical Value

A threshold in a hypothesis test that determines the boundary for rejecting the null hypothesis.