What is the difference between marginal cost and marginal revenue?
A. Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.
B. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
C. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.
D. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the difference between marginal cost and marginal revenue? A. Marginal cost is the money earned from selling one more unit of a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Abel Company produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: Wood Aluminum Hard Rubber Total Sales $500000 $200000 $65000 $765000 Variable expenses 325000
Answers (1)
Suppose the equilibrium price of a pound of bacon is $3.50. The government decides that people have a right to a pound of bacon at an affordable price. To protect this new right, the government passes a law setting a maximum price of $1.50 for bacon.
Answers (1)
What happens if a payee can never get an account holder to pay a returned check? a. there is nothing the payee can do to get payment. b. the bank will eventually reimburse the payee. c. the bank will waive the overdraft fee. d.
Answers (1)
What is money supply?
Answers (1)
A legal written promise to pay borrowed money back at a fixed rate of interest over a fixed period of time is a
Answers (1)
New Questions in Business
Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.
Answers (1)
The following information was taken from the financial statements of Hofburg Corp. for the year just ended: Accounts receivable, January 1 $ 21,600 Accounts receivable, December 31 30,400 Sales on account and cash sales 438,000 Uncollectible
Answers (1)
China has a collectivist culture. how do you believe that this will affect managers in a starbucks store?
Answers (1)
XYZ title, in preparing a title commitment for a transaction set to close on July 1, 2009, comes across a deed from July 1, 1988 that is improperly acknowledged. What notation should they put on the title commitment?
Answers (1)
When a firm in perfect competition has economic profit is equal to zero?
Answers (1)