Which of the Following Best Describes Marginal Revenue

Which of the following best describes marginal revenue?

A) How sales revenue varies as a function of how much product is sold
B) The incremental sales from producing one more unit of output
C) Rate of change in total revenue that results from the sale of ΔQ additional units of output
D) The total sales for a given product based on plant output
E) Percentage change in quantity divided by percentage change in price

Correct Answer:

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