Marginal revenue, graphically, is:
A) the slope of a line from the origin to a point on the total revenue curve.
B) the slope of a line from the origin to the end of the total revenue curve.
C) the slope of the total revenue curve at a given point.
D) the vertical intercept of a line tangent to the total revenue curve at a given point.
E) the horizontal intercept of a line tangent to the total revenue curve at a given point.

Question

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue resulting from a one-unit change in output. Graphically, it is equal to the slope of the total revenue curve at a given point because the slope of a curve represents the rate of change at that point.

Marginal Revenue, Graphically, Is