Ask Question
BusinessBusiness
13 April, 05:30

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

+5
Answers (1)
  1. 13 April, 07:45
    0
    The best definition of marginal revenue is the additional income gained from selling an additional good.

    Option: C

    Explanation:

    Within a fully competitive market, the extra income produced by the sale of an additional component of a good is equivalent to the price that the firm will sell the good to the buyer. The extra revenue that will be generated by one component through product sales is understood as marginal revenue in micro-economics. Delivering one more unit would generate greater revenue than it would cost if the marginal revenue is greater than the cost of margin. The value of delivering one more unit is a Marginal cost.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the best definition of marginal revenue? a. the possible income from producing an additional item b. the price of producing one ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Three broad categories of definitions of quality are
Answers (1)
Ms. Crocker bought 1,000 shares of EMO Corporation stock for $10,000 on January 20, 2017. On December 28, 2019 she sold all 1,000 shares of her EMO stock for $9,000.
Answers (2)
On December 31, 2017, Gonzalez Company granted some of its executives options to purchase 180,000 shares of the company's $10 par common stock at an option price of $50 per share.
Answers (1)
When the allowance method of accounting for uncollectible accounts is used, then
Answers (1)
What do employee compensation laws do?
Answers (1)
New Questions in Business
When airbnb customers in malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.
Answers (1)
Curtain Co. paid dividends of $14,000; $17,500; and $21,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,400 shares of 7.0%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
In order to accomplish the productivity plan, several Subject Matter Experts from various parts of the organizational have been enlisted. As a result, you have noticed friction and conflict among team members.
Answers (1)
The bond has a coupon rate of 6.83 percent, it makes semiannual payments, and there are 4 months to the next coupon payment. A clean price of $1,049 and the par value is $1,000. What is the invoice price
Answers (1)
Which of the following is the best example of a manager with a delegator leadership style?
Answers (1)
Home » Business » What is the best definition of marginal revenue? a. the possible income from producing an additional item b. the price of producing one additional unit of a good c. the additional income gained from selling an additional good d.
Sign Up Forgot Password?