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 answer is B.
<h3>What is marginal cost?</h3>
The difference in total production costs caused by producing or manufacturing one extra unit is known as the marginal cost of production.
In order to maximize production and overall operations, an organization must first decide when it can achieve economies of scale.
The sum of money spent to create one additional unit of a good is its marginal cost. Selling one additional unit of a good results in a profit known as marginal revenue.
Therefore, option B is the appropriate answer.
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Answer:
C.
Explanation:
"lurk" means to be or remain hidden so as to wait in ambush for someone or something.
Answer:
"A strong positive correlation" is the correct answer.
Explanation:
- The positive correlation seems to be the beneficial association between the two parameters in which the parameter fluctuations are positive as well as significantly related and that if another variable keeps increasing maybe the other variable keeps increasing as well and conversely.
- It is the proportion upon which two independent parameter functions in a comparable pattern.
Such that the aforementioned seems like the kind of correlation will indeed actually enable someone to make the forecasting as accurate as possible.
