Question

What is the best definition of marginal revenue? the possible income from producing an additional item the price of producing one additional unit of a good the additional income gained from selling an additional good the financial gain from business activity minus expenses

Answer 1

Marginal revenue is the income generated from selling an additional goods by a company.

What is Marginal Revenue

Marginal Revenue refers to the revenue generated from selling an additional unit of a commodity.

Marginal revenue is calculated by dividing the change in its total revenue by the change of its total output quantity.

Therefore it means that marginal revenue is equivalent to the selling price of a single additional item that was sold.

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Answer 2

Answer:

C

Explanation: