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Marginal revenue product |
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Marginal revenue productThe additional revenue generated by the extra output from employing one more unit of a factor of production. In a competitive industry this equals the marginal value product, but with imperfect competition it is smaller, due to the implied price reduction. Determines factor prices in competitive factor markets.Similar MatchesMarginal propensityMarginal propensityThe fraction of a change in income devoted to an activity, such as consumption, importing, or saving. See propensity. Value marginal productValue marginal productMarginal value product. Marginal revenueMarginal revenueThe change in total revenue as a result of producing one additional unit of output. Marginal tax rateMarginal tax rateThe tax rate that would have to be paid on any additional dollars of taxable income earned. Marginal efficiency of capitalMarginal efficiency of capitalThe percentage yield earned on an additional unit of capital. Further SuggestionsMarginal costmarginal tax rate Marginal propensity to consume Marginal rate of transformation Marginal product Marginal value product Marginal propensity to save Marginal rate of substitution Marginal utility Marginal Marginal propensity to import |
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