Table 15-4The following table presents cost and revenue info…
Table 15-4The following table presents cost and revenue information for a firm operating in a competitive industry. Costs Quantity Total Marginal Supplied Cost Cost (Units) (Dollars) (Dollars) Revenues Quantity Price Total Marginal Demanded Revenue Revenue (Units) (Dollars per unit) (Dollars) (Dollars) 0 100 — 0 120 — 1 150 1 120 2 202 2 120 3 257 3 120 4 317 4 120 5 385 5 120 6 465 6 120 7 562 7 120 8 682 8 120 Refer to Table 15-4. What is the total revenue from selling 4 units?