Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The marginal revenue of the fourth pound of cheese is
A. $1.
B. $3.
C. $6.
D. $24.
Answer: B
You might also like to view...
If people expect the foreign exchange rate for dollars to rise in the future
A) the demand for dollars today decreases. B) the demand for dollars today increases. C) the demand for dollars today is unaffected. D) there is a movement along the demand curve for dollars.
An increase in the average tax rate, with the marginal tax rate held constant, will
A) increase the amount of labor supplied at any real wage. B) not affect the amount of labor supplied at any real wage. C) decrease the amount of labor supplied at any real wage. D) increase the amount of labor supplied at any real wage if the average tax rate is above the marginal tax rate, but decrease the amount of labor supplied at any real wage if the average tax rate is below the marginal tax rate.
What type of industry is the market for grocery products? Is over-capacity present?
If the interest rates in the Eurozone increase, then which of the following is likely to happen?
(a) Deposits would increase in American banks. (b) Money would flow into the European banking system. (c) The euro would tend to depreciate relative to the dollar. (d) None of the above.