What is marginal revenue?
A) the total change in revenue that results from a small change in product price
B) a percentage change in price that results from a change in quantity demanded
C) the change in total revenue that results from producing one additional unit
D) the change in total revenue that results from selling one additional unit of a product
E) the total change in revenue that results from a large change in product price
Correct Answer:
Verified
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