Marginal profit is the profit
A)earned by a firm that is about to go out of business.
B)calculated directly from the total cost curve.
C)that is added by a one-unit increase in total output.
D)earned for each dollar of cost increase.

Question

Quizplus · Accepted Answer

Marginal profit is the additional profit earned from producing one additional unit and is calculated as the difference between marginal revenue and marginal cost. Therefore, it represents the added profit from a one-unit increase in total output.

Marginal Profit Is the Profit