Introduction to Economics 1 Deneme Sınavı Sorusu #1265094

The additional revenue obtained by selling one more unit of a good is called:


Average revenue.

Total revenue.

Marginal revenue.

Extra revenue.

Profit maximizing revenue.


Yanıt Açıklaması:

Total Revenue is the total amount of money received by a seller, which is equal to price times quantity sold. Marginal Revenue is the additional revenue obtained by selling one more unit of a good. Average revenue shows how much revenue a firm gets for each unit sold.

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