What is the best definition of marginal revenue? the possible income from producing an additional item the price of producing one additional unit of a good the additional income gained from selling an additional good the financial gain from business activity minus expenses

Marginal revenue, at its core, is all about the extra cash! It’s specifically the additional income earned from selling one more unit of a product. So, if you have a lemonade stand and you sell one more cup than you usually do, the money you make from that extra cup is your marginal revenue. When businesses analyze marginal revenue, they can improve production decisions and pricing strategies. If the revenue from selling another unit exceeds the cost of producing it, it’s a win-win! This concept is super important for maximizing profit and ensuring sustainability in any business model. Who knew that selling just one more can really make a difference?