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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 utilityMarginal utilityThe change in total satisfaction as a result of consuming one additional unit of a specific good or service. 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. Value marginal productValue marginal productMarginal value product. Marginal tax rateMarginal tax rateThe additional tax which someone pays on each £1 increase of his or her taxable income. In the UK the tax bands for 2003-2004 tax year are:10 per cent on the first slice of earnings22 per cent on next slice40 per cent on top sliceUnder the 'progressive' tax system, once someone's earnings take him into the top tax bracket, any extra earnings will be taxed at the top rate. So someone who is in the 40 per cent bracket has a marginal tax rate of 40 per cent. Marginal efficiency of capitalMarginal efficiency of capitalThe percentage yield earned on an additional unit of capital. Further SuggestionsMarginal productMarginal Marginal tax rate Marginal rate of substitution Marginal propensity to save Marginal propensity Marginal value product Marginal cost Marginal revenue product Marginal rate of transformation Marginal propensity to import |
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