marginal revenue


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marginal revenue

[′mär·jən·əl ′rev·ə‚nü]
(industrial engineering)
The extra revenue achieved by selling an extra unit of output.
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References in periodicals archive ?
To produce marginal revenue functions like those depicted in Figure 1, we need to estimate revenue functions that allow for marginal revenue to be a positive, yet decreasing function, of winning percentage (W).
Because marginal revenues are equated at the margin, the marginal revenue of Type 2 patients also should fall.
The resulting allocation would equalize the marginal revenue product of playing skills across teams, and it would constitute an efficient allocation in the sense of maximizing total fan willingness-to-pay.
m]) measures how a U-form (an M-form) firm's marginal revenue changes with other firms' output.
Specifically, assume that in the next season any given win percent generates a lower marginal revenue; that is, team 1's marginal revenue function shifts down, as shown in Figure 1.
First, in the figure in our original paper the total marginal revenue curve ([MR.
In either case, most attempts at explaining this phenomenon begins with some type of estimation of the athlete's marginal revenue product (MRP).
These can be used to assist researches like Scully, Sommers, and Zimbalist in accurately finding the marginal revenue products of players, which can then be used, for example, to test the market for monopsonistic exploitation or labor market discrimination.
The city also retains marginal revenue raising capacity which is expected to offset near term tax base contractions.
The firm maximizes profits by selling the quantities where marginal revenue (MR) equals MC in each market segment.
ADY continues to be highly dependent on export/import and transit shipments with a high share of oil and oil products, with only marginal revenue coming from local freight shipments," said the message.