Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 ProfitQuestion 4

4

QuizMultiple Choice

Profit

Question 4 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

What is the difference between marginal cost and marginal revenue?

Answer

A

Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.

B

Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.

C

Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.

D

Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.

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