Question

Table 12-2
Apples (pounds)Market Price per PoundTotal Revenue (TR)Average Revenue (AR)Marginal Revenue (MR)
0$3$0----------
100



150



200



250



300



350



400



Table 12-2 lists the various pounds (lbs.) of apples that Margie Stattler can sell. Assume that Margie operates in a perfectly competitive market.
Refer to Table 12-2. What is Margie's total revenue if she sells 250 pounds of apples?
A) $250
B) $500
C) $750
D) There is not enough information in the table to determine Margie's total revenue.

Answer

This answer is hidden. It contains 1 characters.