A grocery store sells a bag of potatoes at a fixed price of $2.30.Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes?
A)marginal revenue
B)gross earnings
C)pure profit
D)marginal costs
E)net benefit

Question

Quizplus · Accepted Answer

Marginal revenue refers to the additional revenue earned from the sale of one extra unit of a good or service. In this case, the sale of an additional bag of potatoes at a fixed price of $2.30 would result in a marginal revenue of $2.30.

A Grocery Store Sells a Bag of Potatoes at a Fixed