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Definition of marginal revenue in English: marginal revenuenoun mass nounEconomics The revenue gained by producing one additional unit of a product or service. the marginal revenue of carrying an individual passenger far exceeded marginal cost Example sentencesExamples - The opposite extreme in a market is monopoly, where one firm maximizes profits by exploiting the marginal revenue derived from demand.
- The marginal revenue from lowering the price to grab additional Canadian customers would quickly be more than cancelled by the lost revenue due to Americans paying lower prices.
- If marginal cost falls, a profit-maximizing firm will expand output, so that marginal revenue falls as well.
- He was the sole price setter, free to set marginal revenue equal to marginal cost, and free to set price far above marginal cost.
- In a commodity system such as the beef industry, the unit price of the output is equivalent to marginal revenue.
Definition of marginal revenue in US English: marginal revenuenoun Economics The revenue gained by producing one additional unit of a good or service. the marginal revenue of carrying an individual passenger far exceeded marginal cost Example sentencesExamples - He was the sole price setter, free to set marginal revenue equal to marginal cost, and free to set price far above marginal cost.
- The marginal revenue from lowering the price to grab additional Canadian customers would quickly be more than cancelled by the lost revenue due to Americans paying lower prices.
- In a commodity system such as the beef industry, the unit price of the output is equivalent to marginal revenue.
- If marginal cost falls, a profit-maximizing firm will expand output, so that marginal revenue falls as well.
- The opposite extreme in a market is monopoly, where one firm maximizes profits by exploiting the marginal revenue derived from demand.
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