Q
Marginal revenue is ?
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A
A. The additional profit the firms earns when it sells an additional unit of output
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B
B. The difference between total revenue and total cost
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C
C. The ratio of total revenue to quantity.
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D
D. The added revenue that a firm takes in when it increases output by one additional unit.
Correct Answer:
D. D. The added revenue that a firm takes in when it increases output by one additional unit.
