Definition
Marginal revenue is the additional revenue generated from selling one more unit of a product or service.
Related Services
Revenue management, pricing optimization, and financial analysis services help businesses calculate and analyze marginal revenue to maximize profitability.
Problem and Application
Marginal revenue plays a crucial role in pricing and production decisions, helping businesses assess the impact of increased sales on overall revenue.
Conclusion
Monitoring marginal revenue is essential for businesses to balance production costs with revenue generation to maximize profits.
