Question

The chart shows the marginal revenue of producing apple pies.

A 3-column table titled The return on pie production has 8 rows. The first column is labeled Pies produced per day with entries 0, 1, 2, 3, 4, 5, 6, 7. The second column is labeled Total revenue with entries blank, 10, 20, 30, 40, 50, 60, 70. The third column is labeled Marginal revenue with entries blank, 10, 10, 10, 10, 10, 10, 10.

According to the chart, the marginal revenue

Answer 1

The marginal revenue is constant at $10 — each additional pie sold raises revenue by $10.