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2. Output of Boats Total Revenue E Average Revenue { Marginal Revenue E 0 20.000 38,000 54.000 68,000 LA 80.000 The table shows a small

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2. Output of Boats Total Revenue E Average Revenue { Marginal Revenue E 0 20.000 38,000 54.000 68,000 LA 80.000 The table shows a small boat builder's total revenue as output increases. Which of the following best characterises such a firm? (You may use the right-hand columns to show your workings.) Average Revenue Marginal Revenue A Constant Constant B Falling Constant C Rising Rising D Constant Falling E Falling Falling

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