About this document
Understanding Marginal Revenue in Sales by Livin Varghese is a document available to read on EtoBox.
Marginal revenue (MR) is the change in total revenue from selling an extra unit of goods. It is calculated as the change in total revenue (ΔTR) divided by the change in quantity (ΔQ). Total revenue (TR) is the total amount of money received from sales and is equal to price (P) multiplied by quantity (Q) for single pricing. Average revenue (AR) is total revenue divided by units sold, which is equal to price under single pricing. The area under the MR curve above the horizontal axis represents total revenue,
- Author
- Livin Varghese
- Language
- EN