The change in total revenue that results from producing and marketing one additional unit of a product is referred to as __________.
A)break-even revenue
B)marginal cost
C)elasticity of demand
D)unit variable cost
E)marginal revenue

Question

Quizplus · Accepted Answer

The change in total revenue resulting from producing and marketing one additional unit of a product is known as marginal revenue.

The Change in Total Revenue That Results from Producing and Marketing