What is meant by marginal revenue? When sales increase by one more unit, total revenue increases from R 1,980 to R 2,500. Find marginal revenue.
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marginal revenue is an addition to total revenue. MR (marginal revenue) = TRn-TRn-1 ie, 2500-1980= 520 So, MR = 520
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what is meant by marginal revenue?when sales increase by one more unit total revenue incresas
from R1,980 to R2,500. find marginal revenue
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