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HACTEHA [7]
2 years ago
9

What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit

of a good. Marginal revenue is the money paid for producing one more unit of a good. 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. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make fr
Social Studies
1 answer:
raketka [301]2 years ago
4 0

Answer:

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.

Explanation:

While revenue (which is also known as sales) refer to money earned from the sale of goods or rendering or service, cost refers to the expenses incurred in the process of generating the revenue.

Marginal in economics refers to additional unit and as such,

Marginal revenue is the amount earned from the sale of an additional unit of an item while

Marginal cost is the money paid or cost incurred in producing an additional unit of an item.

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When an important public road is constructed by the government either on a self basis or via some construction company with the aim of building connectivity between cities or towns is known as a highway.

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The complete question is attached in text form:

If two vehicles on a three or more lane highway both want to change lanes into the same lane,...

The vehicle on the furthermost left yields right-of-way to the driver in the furthest right lane.

The vehicle on the furthermost right yields right-of-way to the vehicle in the furthest left lane.

Both vehicles have equal rights to the lane.

Both of the vehicles must remain in their current lane

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why should the government introduce more social welfare schemes for the support and care of the senior citizens​
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