Marginal revenue is defined as
A) the accumulated revenue associated with production
B) ΔTR/ΔQ
C) the change in profit associated with another unit of output produced
D) ΔTC/ΔQ

Question

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue resulting from the sale of an additional unit of output, therefore it is calculated as the derivative of total revenue with respect to quantity, which is ΔTR/ΔQ.

Marginal Revenue Is Defined as