what is the best definition of marginal revenue? the possible income from producing an additional item the…

what is the best definition of marginal revenue? the possible income from producing an additional item the price of producing one additional unit of a good the additional income gained from selling an additional good the financial gain from business activity minus expenses

what is the best definition of marginal revenue? the possible income from producing an additional item the price of producing one additional unit of a good the additional income gained from selling an additional good the financial gain from business activity minus expenses

Answer

Brief Explanations:

Marginal revenue is the change in total revenue that results from selling one additional unit of output. It is the additional income gained from selling an extra good. The first option refers to possible income from production which is not the same. The second option is about production - price which is cost - related. The fourth option is about overall profit (revenue - expenses) not marginal revenue.

Answer:

the additional income gained from selling an additional good