What is marginal revenue? the addition to total revenue from selling one more unit of output the addition to total output from hiring one more unit of labour the addition to total profit from selling one more unit of output the additional cost incurred from producing one more unit of output
What is marginal revenue? the addition to total revenue from selling one more unit of output the addition to total output from hiring one more unit of labour the addition to total profit from selling one more unit of output the additional cost incurred from producing one more unit of output
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 3.8P
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![What is marginal revenue?
the addition to total revenue from selling one more unit of output
the addition to total output from hiring one more unit of labour
the addition to total profit from selling one more unit of output
the additional cost incurred from producing one more unit of output](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7070baa-85c7-4af3-9044-41d57369bd34%2Fbc1ce0f4-2595-4da2-a5a3-431823a93b1f%2Fk6plnkjc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is marginal revenue?
the addition to total revenue from selling one more unit of output
the addition to total output from hiring one more unit of labour
the addition to total profit from selling one more unit of output
the additional cost incurred from producing one more unit of output
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