(Choose 1 answer)
(17477) Refer to Table 14-4. The firm will produce a quantity greater than 4 because at 4 units of output, marginal cost
Table 14-4
Quantity
0
1
2
3
4
5
6
7
Total Revenue
$0
$7
$14
$21
$28
$35
$42
$49
Total Cost
$3
$5
$8
$12
$17
$23
$30
$38
A. equals marginal revenue.
B. is greater than marginal revenue.
C. is minimized.
D. is less than marginal revenue.
E22
