Answer:
The correct option is (C)
Explanation:
Marginal revenue refers to the revenue generated as a result of selling an additional unit of product. It is another term for incremental revenue. Marginal analysis is analyzing and comparing additional benefit (revenue) earned against cost incurred on the same.
Here, company is analyzing revenue as compared to the cost incurred in producing 300 hats. So, incremental revenue earned from selling 300 hats is called marginal revenue.