Question: 10 Mark this question Consider the chart below. Which of the following statements is correct? Total Output (Q) (Pounds) (1) Price per Pound ($2.00) (2)

10 Mark this question Consider the chart below. Which of the following statements is correct? Total Output (Q) (Pounds) (1) Price per Pound ($2.00) (2) Total Revenue (TR = P . Q) (3) Average Revenue (4) O $2.00 $0.00 100 $2.00 $200.00 250 $2.00 $500.00 320 $2.00 $640.00 350 $2.00 $700.00 380 $2.00 $760.00 420 $2.00 $840.00 430 $2.00 $860.00 O Average Revenue = $1.00 O Average Revenue = $2.00 O Average Revenue = $2.50 O Average Revenue = $2.25

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