1. Table 14-14 The following table presents cost and revenue information for Bob’s bakery production and sales. Quantity Total Cost Marginal Cost Price Total Revenue Marginal Revenue 0 $5.00 --- $3.25 --- 1 $5.50 $3.25 2 $6.50 $3.25 3 $8.00 $3.25 4 $10.00 $3.25 5 $12.50 $3.25 6 $15.50 $3.25 7 $19.00 $3.25 8 $23.00 $3.25 Refer to Table 14-14 . What is the marginal revenue of the 4th unit? (Points : 5) .

1. 1.
Table 14-14
The following table presents cost and revenue information for
Bob’s bakery production and sales.
Quantity
Total Cost
Marginal Cost
Price
Total Revenue
Marginal Revenue
0
$5.00
---
$3.25
---
1
$5.50
$3.25
2
$6.50
$3.25
3
$8.00
$3.25

2. 4
$10.00
$3.25
5
$12.50
$3.25
6
$15.50
$3.25
7
$19.00
$3.25
8
$23.00
$3.25
Refer to Table 14-14
. What is the marginal revenue of the 4th unit? (Points : 5)