Marginal Revenue Is Defined as

question 79

Multiple Choice

Marginal revenue is defined as

• A)the difference between costs and revenues.
• B)the change in total revenue caused by selling one additional unit of output.
• C)price times quantity.
• D)total revenue divided by the level of output.
• E)total revenue minus the level of output.

---

Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Marginal Utility

The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Total Utility

The total satisfaction received by consuming a certain amount of goods or services.

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service.