Marginal revenue, Managerial Economics

Marginal Revenue

Marginal revenue is the additional revenue an organization receives resulting from the sale of one more item of output. Marginal revenue is calculated by taking the difference among the total revenue both previous and after the production of the extra unit. As long as the price of a product or service remains constant, marginal revenue equals price.

Posted Date: 10/17/2012 2:03:44 AM | Location : United States







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