The Change in a Firm's Total Revenue Due to Selling

question 43

Multiple Choice

The change in a firm's total revenue due to selling an additional unit of output is known as

• A)marginal revenue
• B)average revenue
• C)price
• D)marginal cost
• E)marginal revenue product

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Definitions:

Tourism

The practice of traveling to and exploring places of interest for leisure, recreation, or cultural experiences.

Car Manufacture

The process of designing, producing, and selling motor vehicles, an industry that involves a range of technologies and is crucial to global economics.

Chalalán

A community-based ecotourism project located in Madidi National Park, Bolivia, known for its emphasis on sustainable development and indigenous participation.

Economic

Relating to the production, consumption, and transfer of wealth.