Marginal profit is the addition to a firm's total profit from a
A)$1 change in its price.
B)one-unit change in its output.
C)reduction in total cost.
D)reduction in marginal cost.

Name: Marginal profit is the addition to a firm's total profit from a A)$1 change in its price. B)one-unit change in its output. C)reduction in total cost. D)reduction in marginal cost.
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Question

Quizplus · Accepted Answer

Marginal profit is the change in total profit resulting from a one-unit change in output.

Marginal Profit Is the Addition to a Firm's Total Profit