Science Fair Project Encyclopedia
Marginal revenue
Marginal Revenue is the extra revenue that an additional unit of product will bring a firm. It can also be described as the change in total revenue/change in number of units sold. Marginal Revenue, often abbreviated as MR, plays an important role in finding the profit-maximizing quantity, MR = MC. Marginal Revenue is a concept important in basic microeconomics.
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details


