Which of the following situations determines the marginal revenue of a perfectly competitive firm?
Marginal revenue equals

Question

Which of the following situations determines the marginal revenue of a perfectly competitive firm? 
 Marginal revenue equals

Accepted Answer

the change in total revenue that results from a one-unit increase in the quantity sold.

Answer

total revenue minus total cost.

Answer

the change in economic profit that results from a one-unit increase in the quantity sold.

Answer

the firm's economic profit divided by its quantity sold.

Answer

the change in total revenue that results from a one-unit increase in the price of the good.

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