Marginal revenue
A)is the change in total revenue when output increases by one unit.
B)is always greater than zero.
C)measures the slope of the total revenue curve.
D)both a and c
E)all of the above

Question

Quizplus · Accepted Answer

Marginal revenue is defined as the change in total revenue when output increases by one unit. It can also be represented as the slope of the total revenue curve, indicating how much additional revenue is generated by selling one more unit of output. Therefore, both options A and C are correct, and the answer is D, "both a and c". Option B is incorrect, as marginal revenue can be either positive, negative or zero depending on the market conditions.

Marginal Revenue