Question

What is marginal revenue? And write down its formula.

Answer 1

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$\textsf{\pink{Q.}}$ What is marginal revenue? And write down its formula.

$\textsf{\pink{Ans.}}$ Marginal revenue is the additional revenue generated from the sale of an additional unit of output.

$\bold{MRn\:=\:TRn\:-\:TRn-1}$

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Answer 2

Calculate the marginal revenue from the total revenue. ... In other words marginal revenue is the extra revenue that an additional unit of product will bring a firm. It can also be described as the change in total revenue divided by the change in number of units sold.

Marginal Revenues=Change in total revenues/Change in quantity solid