When the price of a good is a constant, the marginal revenue per unit of output is the same as:
A) total revenue.
B) average total cost.
C) price.
D) quantity of output.
E) profit per unit.

Question

Quizplus · Accepted Answer

When the price of a good is constant, the marginal revenue per unit of output is equal to the price of the good. This is because when the price is constant, each additional unit sold will generate the same amount of revenue (the price), regardless of how many units have already been sold. Therefore, choice C, price, is the correct answer.

When the Price of a Good Is a Constant, the Marginal