The ________ that a firm takes in when it increases output by one additional unit is marginal revenue.
A) total revenue
B) added revenue
C) extra resources
D) additional labor

Question

Quizplus · Accepted Answer

Marginal revenue refers to the added or additional revenue that a firm receives when it sells one more unit of a product or service. It does not refer to total revenue, extra resources, or additional labor.

The ________ That a Firm Takes in When It Increases