The Additional Revenue Received by a Firm from Selling One

question 63

Multiple Choice

The additional revenue received by a firm from selling one more unit of output is known as

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

---

Definitions:

Divorce

The legal dissolution of a marriage by a court or other competent body.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Trust

An arrangement in which title to property is held by one person (a trustee) for the benefit of another (a beneficiary).

Grantor

The person or entity that creates a trust and transfers property into it, or someone who grants or conveys a legal right.