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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.

Where this appears

The syllabus topics that use this term.

  • 2.4Profit Maximization
  • 2.11Monopoly
  • 2.11Producer Behavior and Profit Maximization

Taught in Critique of the Maximizing Behaviour of Consumers and Producers

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