Marginal revenue

 

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Marginal revenue

The change in total revenue as a result of producing one additional unit of output.



Marginal revenue

Similar Matches

Marginal rate of transformation

Marginal rate of transformation

The increase in output of one good made possible by a one-unit decrease in the output of another, given the technology and factor endowments of a country; thus the absolute value of the slope of the transformation curve.


Marginal utility

Marginal utility

The change in total satisfaction as a result of consuming one additional unit of a specific good or service.


Marginal propensity to consume

Marginal propensity to consume

The fraction of a change in income (or perhaps disposable income) spent on consumption. Contrasts with average propensity to consume.


Marginal propensity

Marginal propensity

The fraction of a change in income devoted to an activity, such as consumption, importing, or saving. See propensity.


Marginal revenue product

Marginal revenue product

The 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.


Further Suggestions

Marginal value product
Marginal product
Marginal rate of substitution
Marginal propensity to import
marginal tax rate
Marginal tax rate
Marginal efficiency of capital
Marginal propensity to save
Marginal
Value marginal product
Marginal cost


 
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