The table below shows the total revenue schedule of a farmer who produces maizze. Use the informatiom in the table to answer the qeston that follows;

Output (in bags) Total Revenue ($)
0 0
1 6
2 12
3 18
4 24
5 30
6 36

 

(a) At each level of output, calculate the farmer's marginal revenue (MR).

(b) What is the price of a bag of maize? Explain your answer.

(c) In what market structure is the farmer operating? Give a reason for your answer.

Download Offline App Ask a Question

Explanation

Video Explanation

No video available

Post your Contribution

Share:

Discussions (0)

No comments yet

Be the first to comment

Quick Questions

Ask a Question
CO

ceoofwahala

20th June, 2026

Chemistry


2 comments

ASSAAS

20th June, 2026

English Language


5 comments

infinitehoaxx

21st May, 2026

Computer


4 comments