How can one determine marginal revenue in a business setting?

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2026-04-10 07:40

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In a business setting, marginal revenue can be determined by calculating the change in total revenue that results from selling one additional unit of a product or service. This can be done by comparing the total revenue before and after selling the additional unit. The formula for marginal revenue is: Marginal Revenue Change in Total Revenue / Change in Quantity Sold.

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