please help with economics question??? pleassseee

Posted on 2014-11-19 10:13:00 in Economics by CERRY

1. In the table above, at what level of output is total revenue maximized?
A) 4.
B) 5.
C) 3.
D) 6.
E) 7.

2. According to the table above, Gizmo's cannot be
A) maximizing profits.
B) a competitive firm.
C) an oligopolistic firm.
D) a very good idea in the first place.
E) a monopoly.

3. According to the table above, at what level of output is marginal revenue equal to $14?
A) 3.
B) 1.
C) 2.
D) 4.
E) 5.

4. According to the table above, what is the marginal revenue of the third unit?
A) $42.
B) $18.
C) $10.
D) $14.
E) -$2.

---

Answer Comment

No Answers Posted Yet.