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 efficiency of capital

Marginal efficiency of capital

The percentage yield earned on an additional unit of capital.


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 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.


Value marginal product

Value marginal product

Marginal value product.


Marginal utility

Marginal utility

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


Further Suggestions

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Marginal rate of transformation


 
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