Marginal revenue is a firm’s: ratio of profit to quantity ratio of average revenue to quantity. price per unit times

Marginal revenue is a firm’s: ratio of profit to quantity ratio of average revenue to quantity. price per unit times

 

answer:

Increase in revenue when it sells an additional unit of output.

So the last option is correct because the additional revenue generated by the sale of that extra unit is called as the marginal revenue of the firm.

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