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Explain the difference between total revenue and marginal revenue.

User Mar
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2 Answers

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Just saw the definition for both of them then your done
User Dysbulic
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Answer:

Total revenue is the full amount of total sales of goods and services. It is calculated by multiplying the total amount of goods and services sold by their prices. Marginal revenue is the increase in revenue from selling one additional unit of a good or service.

Explanation:

User SOFextreme
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