Examlex
What is the correct classification of the following reaction?
Marginal Revenue
The extra revenue generated from the sale of an additional unit of a good or service.
Total Revenue
A financial metric indicating the overall income earned by a business through the provision of goods and services.
Average Revenue
The amount of revenue generated per unit of a product sold, calculated by dividing total revenue by the number of units sold.
Total Revenue Curve
A graphical representation showing how total income from sales changes at different levels of output in a company's operations.
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