Economy, asked by veenagupta00000000, 17 days ago

what is marginal revenue how is it related to average revenue​

Answers

Answered by vaishhu09876
1

Answer:

Marginal revenue is the net revenue a business earns by selling an additional unit of its product, while average revenue refers to revenue earned per output unit. Thus, marginal revenue is the change in revenue divide by the change in quantity, while average revenue is total revenue divided by the number of units sold.

Explanation:

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Answered by sahad9447
2

Answer:

Marginal revenue is the net revenue a business earns by selling an additional unit of its product, while average revenue refers to revenue earned per output unit. Thus, marginal revenue is the change in revenue divide by the change in quantity, while average revenue is total revenue divided by the number of units sold.

Explanation:

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