Marginal revenue is the change in total revenue associated with a single-unit change in output.
The money made from the sale of an extra unit is known as marginal revenue. It is the potential profit that a business can make from each additional unit sold; a marginal cost is associated with it that needs to be taken into account.
A company can assess its marginal revenue to determine its earnings level depending on the additional units of output sold. A business that wants to maximize profits must therefore increase production to the point at which marginal revenue is equal to marginal cost. It may, however, conduct a cost-benefit analysis and discontinue manufacturing if marginal revenue falls below marginal cost.
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