The revenue received from the sale of an additional unit of a product
A)is a marginal benefit to the firm.
B)is called profit.
C)is called gross sales.
D)is called a net gain.

Question

Quizplus · Accepted Answer

The revenue received from the sale of an additional unit of a product is known as marginal revenue, which represents the additional revenue earned by the firm from selling one more unit of the product. This is a marginal benefit because it represents the benefit the firm realizes from selling one more unit.

The Revenue Received from the Sale of an Additional Unit