Asked by Natalia Hernandez on Apr 29, 2024

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Marginal revenue, graphically, is:

A) the slope of a line from the origin to a point on the total revenue curve.
B) the slope of a line from the origin to the end of the total revenue curve.
C) the slope of the total revenue curve at a given point.
D) the vertical intercept of a line tangent to the total revenue curve at a given point.
E) the horizontal intercept of a line tangent to the total revenue curve at a given point.

Marginal Revenue

The augmented income received from selling an extra unit of a good or service.

Total Revenue Curve

The total revenue curve graphically represents the relationship between total revenue gained by a business and the quantity of a product sold, showing how revenue changes as sales volume varies.

Slope

A measure of the steepness or inclination of a line, representing the rate at which variables change relative to each other.

  • Comprehend the process by which companies determine how to maximize profits.
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LR
Lawrence RubinApr 30, 2024
Final Answer :
C
Explanation :
Marginal revenue is the change in total revenue resulting from a one-unit change in output. Graphically, it is equal to the slope of the total revenue curve at a given point because the slope of a curve represents the rate of change at that point.