Marginal Revenue (MR)

Marginal Revenue (MR)

Marginal Revenue is the money a firm makes for each additional sale. In other words, it determines how much a firm would receive from selling one further good. Marginal Revenue is the revenue generated by a firm from its marginal cost of production. Deducting from marginal cost from marginal revenue yields the marginal profit.

logo-animationlogo-animationlogo-animation

Related terms