What. Is marginal revenue
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It is the addition made to the total revenue
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Marginal Revenue :
It refers to the increase in revenue when a firm sells one extra unit of output. It can be represented as table or curve. It plays a key role in profit maximizing decision of the firm.
It refers to the increase in revenue when a firm sells one extra unit of output. It can be represented as table or curve. It plays a key role in profit maximizing decision of the firm.
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