ost are equal. Marginal revenue is the per-unit selling price of a product or service, while marginal cost is the

Marginal revenue is the:Multiple Choicechange in product price associated with the sale of one more unit of output.change in average revenue associated with the sale of one more unit of output.difference between product price and average total cost.change in total revenue associated with the sale of one more unit of output.

For a monopoly, marginal revenue is equal to:Group of answer choicesthe price multiplied by the quantity sold.the price of the product.the amount people buy at a given price.the change in total revenue brought about by a one-unit increase in quantity sold.

The marginal revenue of labour refers to:Question 9Answera.the level of demand for a productb.the additional output from the employment of one additional personc.he technology employed by organizationsd.the low-wage, no-mix strategy employed by organizationse.the difference in technology across industries and new technology within the same industry

Because the marginal revenue faced by the firm is equal to price, revenue is also equal to price.

Total revenue minus total cost is equal toGroup of answer choicesthe rate of return.marginal revenue.profit.net cost.