The change in revenue that occurs when one more unit of output is sold is called the _____ revenue.
A) Marginal.
B) Average.
C) Total.
D) Fixed.
E) Variable.

Name: The change in revenue that occurs when one more unit of output is sold is called the _____ revenue. A) Marginal. B) Average. C) Total. D) Fixed. E) Variable.
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Question

Quizplus · Accepted Answer

Marginal revenue refers to the increase in revenue resulting from the sale of one additional unit of a product or service.

The Change in Revenue That Occurs When One More Unit