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:
Leather goods, clothing, furniture, and tools
Explanation:
edu 2020
Answer:
Geography is divided into two main branches—physical and human geography.
Explanation:
Answer: Interest group politics
Explanation:
Interest group is the community of the people who tend to educate ,impart knowledge and share the facts with the general public to influence them , their thoughts and opinion.The impact the public policy for development of in social ,economical, regional and other manner.
The political practice that involves interest groups tries to raise funds and the benefits from the public policy through impacting public and makers of the policy.
