History, 08.07.2019 07:00 deedee363

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

Answers: 2

Show answers

Answers

Answer from: fespinoza019

ANSWER:

C) the additional income gained from selling an additional good

EXPLANATION:

Marginal revenue is the extra pay produced from the offer of one more unit of a decent or benefit. Marginal revenue is critical in the monetary hypothesis in light of the fact that a benefit expanding firm will create up to the point where minor income (MR) breaks even with minimal cost (MC).

Answer from: zazy15

The best definition of Marginal Revenue is that it is the additional income gained from selling additional goods.

Further Explanations:

Marginal Revenue is defined as the additional income that is gained from the sale of one or more units of services or the goods. It can accurately be calculated by comparing the revenue generated by comparing the total quantity of the sale to the total amount of the revenue generated by selling the extra units. In a competitive market, the additional revenue generated is the price that the firm can charge to the buyers and is generated because the firms in the competitive market the price of the goods is fixed regardless of the quantity of the product sold.

It can also be described as the monopoly of the entrepreneur that also resulted in a lowering of the price of all units sold to increase the sale. A firm’s profit gets maximized when “Marginal Cost” equals “Marginal Revenue”.

Learn more

1. In a parliamentary system of representative democracy, the prime minister is appointed by the monarch. is elected by representatives chosen by the people. is the leader of the party that won the most seats in parliament. is elected directly by the people?

2. starting in the1800s, members of the suffragist movement in the united states focused on women's right to?

3. Which of the following best describes the Ottoman Empire in the years just before World War I?

Answer Details:

Grade: High school

Subject: History

Chapter: Marginal Cost

Keywords: Marginal Revenue, sale, competitive market, extra units, product, sold, monopoly, entrepreneur, Marginal Cost, Marginal Revenue.

Answer from: Quest

Cbecause it’s c and this needs to be 20 characters long

Answer from: Quest

cur

explanation:

cancer

Another question on History

History, 21.06.2019 17:00

In witch of these areas were the early bantu successful in part to there iron working skills ? check all that apply -agriculture -gathering -navigation -trade -warfare

Answers: 3

Answer

History, 21.06.2019 17:50

In the mid-1800s, native americans who had lived in the westtraded their manufactured goods with settlers.were able to resist diseases carried by settlers.offered their services as guides to settlers.prevented settlers from moving onto their territory.

Answers: 3

Answer

History, 21.06.2019 22:50

How does congress have power over the courts

Answers: 1

Answer

History, 21.06.2019 23:00

16.which statement best describes hinduism? it is a polytheistic religion with a countless number of gods.it is a monotheistic religion with a single god in a single form.it is an atheistic religion.it is a monotheistic religion with a single god in many forms.

Answers: 1

Answer

You know the right answer?

What is the best definition of marginal revenue? a) the possible income from producing an additiona...

Questions