Question

What is the difference between marginal cost and marginal revenue?

oMarginal 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.

oMarginal 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.

oMarginal 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.

oMarginal 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 1

Answer : oMarginal 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: 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. The Davis family grows organic vegetables to sell at a local farmer's market.