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1/26/20

[Answer] What is the difference between marginal cost and marginal revenue?

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.




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What is the difference between marginal cost and marginal revenue? Sun Mar 24 2019 · The relationship between marginal cost and marginal product also ends up following the law of diminishing returns over time. For example a company hirin g one additional employee increases output (which ideally creates revenue ) at the a dditio nal cost of that one worker. What is the difference between marginal cost and marginal revenue ? 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 revenue . Marginal revenue is the increase in revenue that's generated by selling one additional unit of a good or service. Marginal revenue is calculated by dividing the change in total revenue by the change in the number of units sold. Sat May 13 2017 · The key difference between average cost and marginal cost is that average cost is the total cost divided by the number of goods produced whereas marginal cost is the rise in cost as a result of a marginal (small) change in the production of goods or an additional unit of output. MARGINAL COST Marginal cost is the cost added by producing one extra item of a product. For eg. Let's suppose you are manufacturing mobile phones. Marginal cost is the cost incurred to produce addition unit of mobile phone. MARGINAL COST OF PRODUC... Mon Jan 09 2017 · What is the difference between marginal cost and marginal reve...

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