History, 26.02.2020 22:02 hajanaetowens

What is the difference between marginal cost and marginal revenue?

1.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.

2.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.

3.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.

4.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.

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What is the difference between marginal cost and marginal revenue?

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