Marginal Revenue

Use table below to answer following questions:

No. Units Produced	Total Revenue	Total Costs
0	0	0
1	100	50
2	180	110
3	250	180
4	290	270
5	310	380

1) What is the marginal revenue of producing the third unit?
A. 250                              B. 70
C. 0                                   D. 90
2) At what level of output does marginal cost equal marginal revenue?
A. 1                                   B. 2
C. 3                                   D. 4
3) What is the level of net benefits when four units are produced?
A. 0                                  B. 70
C. -70                              D. 20
4) What is the marginal net benefit of producing the fourth unit?
A. -50                              B. 0
C. 60                               D. 40
5) The higher the interest rate:
A. the greater the present value of a future amount.
B. the smaller the present value of a future amount.
C. the greater the level of inflation.
D. None of the statements associated with this question are correct.