marginal revenuemarginal revenue is the


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.

Request for Solution File

Ask an Expert for Answer!!
Managerial Economics: marginal revenuemarginal revenue is the
Reference No:- TGS0174473

Expected delivery within 24 Hours