Question by  freddie515 (22)

What is marginal revenue?


Answer by  Vladlen (358)

Marginal revenue is a revenue which additional unit of production will bring if sold. This term is used in microeconomics.


Answer by  Gus28 (683)

Marginal revenue is the income from the last unit sold. The formula is MR = change in total revenue divided by change in quantity. Marginal revenue is important to monopolies.

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