Marginal revenue can be defined as the change in total revenue resulting from—
A. purchase of an additional unit of a commodity
B. sale of an additional unit of a commodity
C. sale of subsequent units of a product
D. None of these.
Answer:B
Marginal revenue can be defined as the change in total revenue resulting from—
A. purchase of an additional unit of a commodity B. sale of an additional unit of a commodity C. sale of subsequent units of a product D. None of these.