Dirkjan: Created page with "Marginal revenue (MR) is defined as the change in ( $\Delta$ ) total revenue (TR) as a firm sells one more or one less unit of its output (Q ). $\text{MR}$
2020-08-25T07:35:39Z

Created page with "Marginal revenue (MR) is defined as the change in (<math>\Delta</math>) total revenue (TR) as a firm sells one more or one less unit of its output (Q ). <math>\text{MR}</math..."

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Marginal revenue (MR) is defined as the change in (<math>\Delta</math>) total revenue (TR) as a firm sells one more or one less unit of its output (Q ).

<math>\text{MR}</math> = <math>\frac{\Delta \text{TR}}{\Delta \text{Q}}</math>

Average revenue (AR)is the total revenue (TR) divided by output (Q )or the revenue earned on average for each unit sold.

<math>\text{AR}</math> = <math>\frac{\text{TR}}{\text{Q}}</math>

[[Category:economics]]

[[Category:M22]]

[[Category:Term]]

Marginal revenue - Revision history