Marginal cost is the money it costs to pay for producing one more good
Marginal revenue is the money you pull in or make for selling that one extra good
The term "marginal" means "extra". Think of the margins on your paper which are on the side.
The difference between marginal cost and marginal revenue is;
Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
The correct option is B.
Marginal cost is the additional cost incurred for the production of an additional unit of output.
Marginal Revenue is revenue Sales revenue is the income received by a company from its sales of goods or the provision of services.
The money being spent on producing one more unit of an item is defined as marginal cost.
The money earned by selling one more unit of an item is known as marginal revenue.
The difference between marginal cost and marginal revenue is;
Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
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