Marginal revenue (MR)
Marginal revenue (MR) is the extra revenue received from the sale of an extra unit of output, that is, MR = ΔTR / ΔQ.
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Marginal revenue (MR) is the extra revenue received from the sale of an extra unit of output, that is, MR = ΔTR / ΔQ.
The syllabus topics that use this term.