Marginal revenue measures the change in
A) output generated by a change in price
B) price generated by a change in output
C) output generated by hiring one more factor of production
D) total revenue generated by a change in price
E) total revenue generated by a change in output

Question

Quizplus · Accepted Answer

Marginal revenue specifically refers to the change in total revenue that results from selling one additional unit of a product or service, which directly corresponds to a change in output.

Marginal Revenue Measures the Change in