If a firm charges $9.00, it can sell only three units of its product. Lowering its price to $8.00 allows it to sell four. The marginal revenue of the fourth unit is:

$9.00
$8.00
$6.00
$5.00


Answer the next question using this table:

Quantity
Marginal Revenue
First
$12
Second
$10
Third
$8

The total revenue for selling three units of output will be:

$2. $18. $24. $30.


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