_____ is the extra revenue associated with selling an additional unit of output.
A) Average revenue
B) Marginal revenue
C) Marginal cost
D) Net profit
E) Average variable cost

Name: _____ is the extra revenue associated with selling an additional unit of output. A) Average revenue B) Marginal revenue C) Marginal cost D) Net profit E) Average variable cost
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Question

Quizplus · Accepted Answer

Marginal revenue is also defined as the change in total revenue with a one-unit change in output.

_____ Is the Extra Revenue Associated with Selling an Additional