Marginal revenue equals the change in total revenue that is earned by selling one more unit of output.
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Q29: A firm that sells at a price
Q30: Total cost equals average cost multiplied by
Q31: Marginal cost is defined by the slope
Q32: If total profit is at a maximum,
Q33: If average cost is falling, then marginal
Q35: Marginal cost curves and average cost curves
Q36: If marginal cost is less than average
Q37: If marginal cost of an additional unit
Q38: Marginal, average, and total figures are bound
Q39: The addition to total revenue resulting from
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