- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 1. The Firm and Market Structures
- Subject 3. 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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