Answers SEPHS - SOC240 - Economics Fall ProfitQuestion 2

2

QuizMultiple Choice

Profit

Question 2 • SEPHS - SOC240 - Economics (Fall)

What is the best definition of marginal revenue?

Answer

A

the possible income from producing an additional item

B

the price of producing one additional unit of a good

C

the additional income gained from selling an additional good

D

the financial gain from business activity minus expenses

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