Difference between revisions of "Calculate Marginal Revenue"
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According to basic economic principles, if a company lowers the price of the products it sells, it will sell a greater number of products. However, it will also make less money for each additional product it sells. This "extra money" — the revenue generated from selling one additional product — is marginal revenue. | According to basic economic principles, if a company lowers the price of the products it sells, it will sell a greater number of products. However, it will also make less money for each additional product it sells. This "extra money" — the revenue generated from selling one additional product — is marginal revenue. | ||
| − | [[Category:Finance and Business]] | + | [[Category: Finance and Business]] |
== Steps == | == Steps == | ||
===Calculating Marginal Revenue=== | ===Calculating Marginal Revenue=== | ||
