Question
The following table shows the total revenue and total cost (in dollars) from different sales volumes of the goods. Table 2-1 15 1 15 3
The following table shows the total revenue and total cost (in dollars) from different sales volumes of the goods.
Table 2-1
15 1 15 3
14 2 28 7
13 3 39 12
12 4 48 18
11 5 55 25
10 6 60 33
Refer to Table 2-1. What is the marginal profit of the firm from the sale of the 3rd unit of the good?
a. $9
b. $6
c. $4
d. $2
e. 0
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Operations Management Creating Value Along the Supply Chain
Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi
1st Canadian Edition
978-1-118-3011, 1118942051, 1118942055, 978-1118301173
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