Marginal Revenue Is

question 206

Multiple Choice

Marginal revenue is

• A)the change in total revenue from a one-unit increase in the quantity sold.
• B)another name for total revenue.
• C)the change in total cost from producing an additional unit of output.
• D)the economic profit from producing an additional unit of output.
• E)less than the market price for a perfectly competitive firm.

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Definitions:

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