Examlex
Which of the following is an example of the unit bias?
Marginal Cost
The heightened cost from fabricating an extra unit of a good or service.
Marginal Revenue
The increase in revenue that results from the sale of one additional unit of a product or service.
Industry Equilibrium Price
The price at which the quantity of goods supplied equals the quantity of goods demanded in an industry.
Marginal Revenue
The extra revenue received from selling an additional unit of a product or service.
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