Marginal revenue is
A)the change in total revenue from a one-unit increase in the quantity sold.
B)another name for total revenue.
C)the change in total cost from producing an additional unit of output.
D)the economic profit from producing an additional unit of output.
E)less than the market price for a perfectly competitive firm.

Question

Quizplus · Accepted Answer

Marginal revenue is defined as the change in total revenue resulting from a one-unit increase in the quantity sold. In other words, it is the additional revenue earned by a firm by producing and selling one more unit of output.

Marginal Revenue Is