Asked by Hayli Dandurand on Sep 23, 2024
Verified
Marginal revenue
A) Is the additional revenue earned by selling one more unit
B) Is always equal to the total revenue
C) Is the difference between total revenue and total costs
D) None of the above
Marginal Revenue
The additional income received from selling one more unit of a good or service.
Selling Unit
A specific quantity or configuration of a product that is made available for sale to consumers.
- Ascertain the marginal revenue and recognize its impact on choices regarding pricing and production strategies.
Verified Answer
JD
Jaylie Davisabout 6 hours ago
Final Answer :
A
Explanation :
Marginal revenue refers to the additional revenue earned by selling one more unit of a good or service. It is not always equal to total revenue or the difference between total revenue and total costs.
Learning Objectives
- Ascertain the marginal revenue and recognize its impact on choices regarding pricing and production strategies.