For any firm operating in any market structure,marginal revenue is defined as
A)total revenue divided by the number of units sold.
B)the change in total revenue resulting from the sale of an additional unit of the product.
C)the total amount received by the seller from the sale of a product.
D)the change in price resulting from the sale of an additional unit of the product.
E)price times quantity of the product sold.

Question

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue resulting from the sale of an additional unit of the product. It is the revenue earned from selling one additional unit of a product.

For Any Firm Operating in Any Market Structure,marginal Revenue Is