Explain the difference between total revenue and marginal revenue.

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asked Nov 2, 2021 11.5k views

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SOFextreme · Answer 1 · 2021-11-07T20:56:15+0000

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:

Explain the difference between total revenue and marginal revenue.

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