economy






 

Question by  freddie515 (22)

What is marginal revenue?

 
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Answer by  Vladlen (358)

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

 
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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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