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 price for a perfectly competitive firm.

Question

Quizplus · Accepted Answer

Marginal revenue is the additional revenue received from selling one more unit of a good or service. It is calculated by dividing the change in total revenue by the change in quantity sold. Therefore, it represents the change in total revenue that results from producing and selling one additional unit of output.

Marginal Revenue Is