What is the difference between marginal cost and marginal revenue?

1 answer:

7 0

The difference between marginal cost and marginal revenue is 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. Thus the correct option is B.

<h3>What is the Marginal Revenue?</h3>

The difference in sales income or the additional income created by the seller when they produce and sell an extra unit of a good or service refers to marginal revenue.

When a change in the cost of production is observed when one additional unit of goods is being produced is refer as a marginal cost that appears from the additional output.

Therefore, option B is appropriate.

Learn more about Marginal cost, here:

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