find the odd word out , ' Total cost, Average Cost, Marginal Cost, Marginal Revenue '
Answers
Answered by
5
your answer is here
Marginal Revenue
because all are costs and this one is Revenue
so this is odd word
Answered by
0
The odd one is Marginal Revenue.
- Total Cost is the total cost required for the production of the product.
- The Average Cost is the cost per unit of product manufactured by the firm.
- The Marginal Cost is the change in the total cost of the product when one additional product is manufactured.
- However, the Marginal Revenue is the change in the total income of the firm when one additional product is sold.
From the above-given term, only the Marginal Revenue is an income while others are the expense.
Similar questions