Marginal revenue is

the change in total revenue from selling one more unitCorrect answerYour answertotal revenue ÷ quantityCorrect answerYour answerthe price of the first unitCorrect answerYour answerrevenue minus costCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

MRₙ = TRₙ − TRₙ₋₁.

Concept: Marginal revenue
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The rule this testsTotal, average and marginal revenue

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Marginal revenue is

Explanation