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13 April, 00:10

Marginal revenue is the Group of answer choices change in product price associated with the sale of one more unit of output. difference between product price and average total cost. change in average revenue associated with the sale of one more unit of output. change in total revenue associated with the sale of one more unit of output.

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  1. 13 April, 02:49
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    Answer: change in total revenue associated with the sale of one more unit of output

    Explanation: In simple words, marginal revenue refers to the addition to the total revenue that occurs when more unit of a commodity is sold to the customer.

    Marginal revenue is calculated by dividing the change in total revenue with the change in total output.

    Hence from the above we can conclude that the correct option is last statement.
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