![]() This is useful for businesses to balance their production output with their costs to maximize profit. Marginal revenue is the revenue generated for each additional unit sold relative to marginal cost (MC). ![]() Marginal revenue (MR) is an economic concept used in business to optimize profits. The MRP assumes that the expenditures on other factors remain unchanged and helps determine the optimal level of a resource. The marginal revenue product is calculated by multiplying the marginal physical product (MPP) of the resource by the marginal revenue (MR) generated. How do you calculate marginal revenue product? If R is the total revenue function when the output is x, then marginal revenue MR = dR/dx Integrating with respect to ‘ x ‘ we get.Revenue functions from Marginal revenue functions How do you find revenue from marginal revenue? If marginal revenue were greater than marginal cost, then that would mean selling one more unit would bring in more revenue than it would cost. Marginal cost is the cost of selling one more unit. Marginal revenue is the amount of revenue one could gain from selling one additional unit. How to derive and graph marginal revenue?.What is the equation for marginal revenue?.How do you calculate marginal revenue in microeconomics?.How do you calculate marginal revenue product?.
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