Examlex
Identify and state the historical significance of the following:
-Martin Van Buren
Marginal Revenue
The extra revenue generated by the sale of an additional unit of a product or service.
Marginal Cost
The cost of producing one additional unit of a good or service.
Marginal Cost
The expense associated with creating an extra unit of a product or service.
Output
The quantity of goods or services produced in a given time period by a firm, industry, or country.
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