Question

How do businesses use opportunity costs to decide

what to produce?

How is marginal analysis for a business similar to
the marginal thinking that you do as a consumer?

What are marginal revenue and marginal cost?

Answer 1

Marginal Revenue Analysis. Marginal revenue is the amount of revenue added only by the last unit of output sold. For example, if a business sold 10 televisions, their total revenue is 10 times the price of the televisions, and the marginal revenue of the 10th television sold is the total revenue min

Step-by-step explanation:

used goggle