Marginal revenue is the additional total revenue generated when product sales increase by one unit.
It is a key concept in microeconomics and is used to measure the profitability of a product or service.
It is also used to determine the optimal price for a product or service.
See more results on Neeva
Summaries from the best pages on the web
Marginal revenue (or marginal benefit) is a central concept in microeconomics that describes the additional total revenue generated by increasing product sales by 1 unit.
Marginal revenue - Wikipedia
Definition: Marginal revenue (MR) is the additional revenue gained from selling one extra unit in a period of time. Marginal revenue (MR) = Δ TR/Δ Q If a ...
Marginal revenue - Economics Help
Marginal Revenue (MR) is the increase in the total revenue (TR) that is gained when the firm sells one additional (marginal) unit of that product.
Marginal Revenue - Intelligent Economist
Marginal revenue is the revenue obtained from the last unit sold. This is computed by taking the change in total revenue divided by the change in quantity. MR ...
Marginal Revenue - Fundamental Finance