elizabethblack74861 elizabethblack74861
  • 22-04-2024
  • Mathematics
contestada

Marginal Revenue is.
1) the increase in total revenue from selling one more unit of output.
2) equal to P(1+1/e), where e Is elasticity of demand.
3) equal to marginal cost when a firm is producing at the profit maximizing level.
4) All of the above.

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