What is the difference between marginal cost and marginal revenue

Posted By Admin @ September 03, 2022

Question:

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 from one more unit

Answer:

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.

What is  marginal cost?

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.

Learn more about marginal cost, here:

brainly.com/question/7781429

#SPJ1

Similar Questions

  1. Explain the typical shapes of the marginal-benefit and marginal-cost curves.
  2. If marginal cost exceeds marginal revenue a profit-maximizing monopolist will
  3. What is the difference between marginal values and average values
  4. The chart shows the marginal cost of producing apple pies
  5. The difference between total utility and marginal utility is that
  6. A monopoly produces widgets at a marginal cost of $10
  7. In the five c's how is cost different from price
  8. Fixed costs that do not differ between two alternatives are
  9. What is the difference between trade off and opportunity cost
  10. One difference between total utility and marginal utility is that
  11. The difference between fixed costs and variable costs is that
  12. The primary difference between variable costing and absorption costing is
  13. How does demand pull inflation differ from cost push inflation
  14. The marginal revenue curve faced by a perfectly competitive firm
  15. The marginal cost curve intersects the average total cost curve
  16. How to find break-even point with cost and revenue functions
  17. Which activity is a good strategy for responding to counterclaims
  18. What is primarily responsible for strength gains in beginning clients
  19. What characteristics give warm fronts and cold fronts their names
  20. How big is 1 billion dollars in 100 dollar bills
  21. What is the greatest common factor for 10 and 15
  22. Why do scientists use binomial nomenclature instead of common names
  23. How many square feet will a bag of mulch cover
  24. Can two blue eyed people have a brown eyed child
  25. Which of the following determines the identity of an element
  26. Which of the following are phylogenetic trees also known as
  27. Which of the following processes occurs as part of transcription
  28. The second compartment in a three compartment sink is for
  29. What is the correct iupac name for the following structure
  30. In a private club a member is paying for tabc
  31. What is the greatest common factor of 13 and 65
  32. A bond that pays interest semiannually has a price of
  33. Identify the flaws of the trial of sacco and vanzetti
  34. Why didn t the physics teacher marry the biology teacher
  35. Entrepreneurs spread industrialization from great britain to other countries by
  36. The slope of a linear position graph tells us the
  37. Texas is sometimes considered a semi open primary state because
  38. Which statements are true about the linear inequality y 3/4x-2
  39. Which of the following statements about portion sizes is true
  40. Find the average rate of change for the given function
  41. When should you adjust the outside mirrors of your vehicle
  42. How to know if a function is linear or nonlinear
  43. What is the best way to determine an implied claim
  44. A policy of deterrence may fail against terrorist groups because
  45. Which of the following is an example of a tax
  46. When combined with alcohol some over the counter drugs can
  47. If you want to generate ideas from your own experiences
  48. What technology did the hittites and assyrians use in battle
  49. According to joseph schumpeter what does economic progress depend on
  50. The of a position time graph represents an object's velocity
  51. Interference is anything that impedes the communication of a message.
  52. Identify elements of article ii of the code of conduct
  53. How many 1 8 cups are in 1 3 cup
  54. How did the mauryan empire fund its complex political structure
  55. People suffering from hiv are more susceptible to common infections
  56. The most influential theory of moral development was proposed by
  57. Compare two populations in terms of size density and dispersion
  58. Which of the following best avoids a long lead in
  59. Which statement is correct concerning the process of ecological succession
  60. The combination of physical mental emotional and social well being
  61. Why are halogens and alkali metals likely to form ions
  62. What is the difference between a swamp and a marsh
  63. This condition is a genetic disorder that causes nerve degeneration
  64. What are the six digit grid coordinates for the windtee
  65. What are the three primary macronutrient elements that plants need
  66. Given a well-diversified stock portfolio the variance of the portfolio
  67. The final stage in the new product development process is
  68. What is the difference between delegated reserved and concurrent powers
  69. Animal studies show that manipulations that suppress neurogenesis lead to
  70. Identify the range of the function shown in the graph.
  71. How did women fight for the right to vote apex
  72. Three law partners form a cross-purchase buy and sell agreement
  73. Which of the following scenarios reflect the value of truth
  74. An ideal otto cycle with air as the working fluid
  75. Because of the base pairing in dna the percentage of

How to find average rate of change of a function

Answer:4.5. Step-by-step explanation:f(x) = −6 / x^2f(1) = -6 / (1)^2 = -6 / 1 = -6. f(2) = -6 / (2)^2 = -6 / …

What dynasty succeeded the umayyads and who established the dynasty

The dynasty that succeeded the Umayyads was the Abbasid dynasty/Caliphate, and it was established by As-Saffah, who was the first caliph of the Abbasid caliphate.

How to tell if the molecule is polar or nonpolar

The complete table is shown in figurea) NH3 is polar as the bonds between N and H are polar. Due to asymmetry in the molecule …

Who is hurt and who is helped by unanticipated inflation

The following groups which will be hurt by unanticipated inflation are the flexible-income receivers. They might be affected by unanticipated inflation because the stockholders’ profits …

Which of these is the main idea of the poem

“Laugh and Be Merry” by John Masefield explains the main idea that C. Life is short; laugh and be merry.The poem insists that the song …

What is your employer required to have on fixed ladders

Answer:B. Ladder safety or personal fall arrest systemsExplanation:Under the provisions of OSHA laws, where the total length of a climb equals or is greater than …

What did the compromise of 1877 mean for african americans

Answer: African Americans no longer had protection against violent paramilitary groups such as the Ku Klux Klan.Explanation:

Which of the following statements is correct regarding internal control

Answer:The correct answer is letter "A": An inherent limitation to internal control is the fact that controls can be circumvented by management override.Explanation:Internal controls limit …

What is the difference between the torah and the tanakh

The correct answer isA) The Torah describes the basic laws of Judaism; the Talmud is a collection of opinions on legal issues.

What effect did the great white fleet have on japan

Answer:The Japanese were impressed. Explanation:A pex

What happens in the dark always comes to light meaning

It refers to secrets people have or similar to the phrase "Coming full circle" by Shakespeare. Basically, the dark secrets people have will "come to …

Which would most likely be graphed using a continuous graph

The correct options are:total cost, c, of buying g pounds of broccoli.speed of a car, s, as it accelerates over time, t.total distance, d, that …

What are the monomers or building blocks of nucleic acids

Nucleic acids are composed of nucleotides. These nucleotides are in themselves made by nucleosides (purines and pyrimidines) bound to one, two, or three phosphate groups. …

What part of the brain controls heart rate and breathing

Answer:Medulla – The primary role of the medulla is regulating our involuntary life sustaining functions such as breathing, swallowing and heart rate. As part of …

What is jim crow laws were a legalized system of

Answer: The answer would be A.Explanation: Quoting Wikipedia, "Jim Crow laws were state and local laws that enforced racial segregation in the Southern United States. …