Marginal revenue (MR) - Financial definition
Financial acronyms
The entire acronym collection of this site is now also available offline with this new app for iPhone and iPad.
Concise definition of the term marginal revenue
Marginal revenue is the change in total revenue caused by the sale of an additional unit of goods or services a company produces.
Comprehensive definition of the term marginal revenue
If a pencil producing company's total revenue increases from $750,000 to $750,005 for having sold an additional pencil, then the marginal revenue for that unit of goods would be $750,005 - $750,000 = $5.