Madi Spinosa, Sarah Martin, Maryn Matthews, and Nate Wiggins
What is marginal revenue?
Marginal revenue is the change in total revenue that results from selling one more unit of output.
The money gained by selling one product.
When a business thinks about a change in its output, it considers how its revenue will change as a result of that change in output. They are trying to find the additional revenue from selling another unit of output.