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
Individuals cannot purchase health insurance policies directly from commercial insurance companies. True/False
Answers (1)
8. An economist discussing trade policy in The New Republic wrote: "One of the benefits of the United States removing its trade restrictions [is] the gain to U. S. industries that produce goods for export.
Answers (1)
What are some agricultural specialties in brazil, colombia, chile, and argentina? (list one for each?
Answers (1)
Chelsea, Inc. uses the job costing method and uses direct labor hours as the allocation base. In 2016, the total estimated and actual overhead costs for Job 3489 were $250,000 and $275,000, respectively.
Answers (1)
rrent selling price of $170. Variable costs are $130 per unit, and fixed costs per month average $6,240. Management is considering increasing the selling price to $190 per unit.
Answers (1)
New Questions in Business
A friend keeps a piano until the owner finds a larger apartment. The friend may not play the piano or otherwise receive any benefits of ownership during the bailment. What kind of bailment is this?
Answers (1)
How can you customize existing templates? Check all that apply. Add ""visual cliches"" Adjust the color scheme Select different fonts Eliminate boldface and italics Add a company logo
Answers (1)
Ang Electronics, Inc., has developed a new DVDR. If the DVDR is successful, the present value of the payoff (when the product is brought to market) is $33.1 million. If the DVDR fails, the present value of the payoff is $11.1 million.
Answers (1)
1. Loan 1 is a 4%, 5-year balloon loan for $3,000,000 with interest due and paid annually on December 31. Drake records interest annually on December 31.
Answers (1)
Every day on your way to basketball practice you wave to Mr. Martin who owns the neighborhood flower stand Mr. Martin's store is probably a? A. Limited Partnership B. Sole Proprietorship C. Small Corporation D. Parent Company
Answers (2)
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?