The added revenue that a firm takes in when it increases output by one additional unit is ________ revenue.Group of answer choicestotalmarginalvariablefixed
Question
Solution 1
The added revenue that a firm takes in when it increases output by one additional unit is marginal revenue.
Marginal revenue is defined as the additional revenue gained from selling one more unit of a good or service. It is a key concept in economics as it helps firms make decisions about prod Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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The added revenue that a firm takes in when it increases output by one additional unit is ________ revenue.Group of answer choicestotalmarginalvariablefixed
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