Marginal revenue
What Marginal revenue means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Marginal revenue
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Reference: Pearson Edexcel
The change in total revenue divided by the change in quantity, measuring the impact of selling one additional unit of output.
The revenue gained from selling one extra unit, being the addition to total revenue from selling it.
Topics that use Marginal revenue
- Business objectives and pricing decisions (Pearson Edexcel A-Level)
Related terms
- Average cost
- Contribution per unit
- Marginal cost
- Profit
- Average revenue
- Profit per unit
- Profit-maximising level of output
Using Marginal revenue in the exam
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