- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 12. Topics in Demand and Supply Analysis
- Subject 6. Marginal Revenue, Marginal Cost, and Profit Maximization
CFA Practice Question
Marginal revenue equals the change in total revenue associated with ______.
A. marginal cost
B. hiring an additional worker
C. selling an additional unit of output
Explanation: Marginal revenue refers to changes in revenue associated with selling more output.
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