Revenue received from the sale of additional unit is termed as _____ revenue. (a) marginal (b) profit (c) tota

Question 21 of 40

Q. Revenue received from the sale of additional unit is termed as __________ revenue.

(a) marginal

(b) profit

(d) average

Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★

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Revenue from the sale of an additional unit is marginal revenue.

The three revenue concepts are:

Total Revenue (TR) = price × quantity sold.
Average Revenue (AR) = TR ÷ quantity = price per unit.
Marginal Revenue (MR) = the change in total revenue from selling one more unit (MR = TRₙ − TRₙ₋₁). …

Q.Revenue received from the sale of additional unit is termed as __________ revenue.