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04-03-2024
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What is the income that the supplier receives from selling one or more unit?

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mmtofmk27 mmtofmk27

04-03-2024

Answer:

Marginal revenue is the net revenue a business earns by selling an additional unit of its product. It is the additional revenue from selling one more unit. On the other hand, average revenue refers to revenue earned per output unit.

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