Question

What is the difference between marginal cost and marginal revenue?

O 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.
O 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 1

Answer Marginal revenue is the amount of revenue one could gain from selling one additional unit. Marginal cost is the cost of selling one more unit. If marginal revenue were greater than marginal cost, then that would mean selling one more unit would bring in more revenue than it would cost.

Step-by-step explanation: