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marginal revenue

 

Definitions from the Web

Marginal Revenue

Definition: Marginal revenue refers to the additional revenue generated from selling one more unit of a product or service.

Sample Sentences:

  1. Increasing the quantity produced and sold helped the company to boost its marginal revenue.
  2. The business owner analyzed the marginal revenue to determine the optimal price for their product.
  3. When demand decreases, the marginal revenue shrinks, prompting companies to reevaluate their pricing strategy.
  4. Understanding the concept of marginal revenue is essential for maximizing profits in an ever-changing market.

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