The added revenue that a firm earns from selling an additional unit of output is

Name: The added revenue that a firm earns from selling an additional unit of output is
Brand: Quizplus
Rating: 4.8 (64 reviews)

Question

Quizplus · Accepted Answer

This is the definition of marginal revenue, which is the change in total revenue when one additional unit of output is produced and sold. Total revenue (A) is the overall amount earned from all units sold, not just one additional unit. Variable revenue (C) and fixed revenue (D) are not commonly used terms in economics.

The Added Revenue That a Firm Earns from Selling an Additional