Marginal revenue
A)Is the additional revenue earned by selling one more unit
B)Is always equal to the total revenue
C)Is the difference between total revenue and total costs
D)None of the above

Question

Marginal revenue​
A)​Is the additional revenue earned by selling one more unit
B)Is always equal to the total revenue
C)Is the difference between total revenue and total costs
D)​None of the above

Quizplus · Accepted Answer

Marginal revenue refers to the additional revenue earned by selling one more unit of a good or service. It is not always equal to total revenue or the difference between total revenue and total costs.

Marginal Revenue​

Marginal Revenue