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Managerial Economics

What is marginal revenue in economics?

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In economics, marginal revenue is the additional revenue that a firm can generate by selling one additional unit of a good or service.
Managerial Economics

Marginal Revenue and Replacement Cost – Economics Terms Explained

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Introduction: What is marginal revenue? Marginal revenue is the additional revenue generated by selling one more unit of a good or service. The marginal revenue curve...

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