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Additional revenue generated by selling an additional unit is:  
  • a)
    Incremental revenue
  • b)
    Marginal revenue
  • c)
    Total revenue
  • d)
    Average revenue
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Additional revenue generated by selling an additional unit is:a)Increm...
In microeconomics, marginal revenue (MR) is the additional revenue that will be generated by increasing product sales by one unit. In a perfectly competitive market, the additional revenue generated by selling an additional unit of a good is equal to the price the firm is able to charge the buyer of the good.
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Additional revenue generated by selling an additional unit is:a)Incremental revenueb)Marginal revenuec)Total revenued)Average revenueCorrect answer is option 'B'. Can you explain this answer?
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