Multiple Choice
If you know what marginal cost is, then you should know what marginal revenue is. It's the change in
A) total profit generated by a change in quantity
B) price generated by a change in quantity
C) total revenue generated by a change in quantity
D) output generated by a $1 change in price
E) average revenue generated by a change in quantity
Correct Answer:
Verified
Correct Answer:
Verified
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