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Title: At a production level of 4 units which of the following is true?

Question Details
Q:

        Quantity         Total Revenue          Total Cost

               0                           $ 0                          $ 10

               1                            9                             14

               2                           18                            19

               3                           27                            25

               4                           36                            32

               5                           45                            40

               6                           54                            49

               7                           63                            59

               8                           72                            70

               9                           81                            82

Q: At a production level of 4 units which of the following is true?

           a.   Marginal cost is $6.

           b.   Total revenue is greater than variable cost.

           c.    Marginal revenue is less than marginal cost.

           d.   All of the above are correct.


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Title: At a production level of 4 units which of the following is true?

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    • Posted Date: Apr 27, 2012 at 9:26:18 PM

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A:
...sp;        a.   Marginal cost is $6.      &n...
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