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Marginal revenue |
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Marginal revenueThe change in total revenue as a result of producing one additional unit of output.Marginal revenue Similar MatchesMarginal efficiency of capitalMarginal efficiency of capitalThe percentage yield earned on an additional unit of capital. Marginal propensity to consumeMarginal propensity to consumeThe fraction of a change in income (or perhaps disposable income) spent on consumption. Contrasts with average propensity to consume. Marginal revenue productMarginal 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. Value marginal productValue marginal productMarginal value product. Marginal utilityMarginal utilityThe change in total satisfaction as a result of consuming one additional unit of a specific good or service. Further SuggestionsMarginalMarginal propensity to save Marginal rate of substitution Marginal propensity to import marginal tax rate Marginal propensity Marginal value product Marginal cost Marginal product Marginal tax rate Marginal rate of transformation |
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