Table 91 -Refer to Table 9

Table 9.1
$$\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Price } & \text { Total Revenue } \\&\text { (dollars) } & \text { (dollars) } \\\hline 1 & 7.50 & 7.50 \\\hline 2 & 7.00 & 14.00 \\\hline 3 & 6.50 & 19.50 \\\hline 4 & 6.00 & 24.00 \\\hline 5 & 5.50 & 27.50 \\\hline 6 & 5.00 & 30.00 \\\hline\end{array}$$
-Refer to Table 9.1.What portion of the marginal revenue of the 4th unit is due to the output effect and what portion is due to the price effect?

A) Output effect = $24.00; price effect = $19.50
B) Output effect = $6.50; price effect = $2.00
C) Output effect = -$0.50; price effect = $5.00
D) Output effect = $6.00; price effect = -$1.50

Correct Answer:

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