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What is the best definition of marginal revenue?

the possible income from producing an additional item. the price o...

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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

the extra revenue the seller earns when it produces and sells one more unit of the product.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 43 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 94 views.

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