MarginalRevenueProduct

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August 31, 2024 4 min read Definitions
Marginal Revenue Product: Understanding Its Impact on Revenue
Economics Finance Business Management MarginalRevenueProduct MarginalProduct EconomicTheory RevenueAnalysis BusinessStrategy
Marginal Revenue Product is the additional revenue generated from a small increase in any factor input. It is calculated by multiplying the marginal product by the marginal revenue per unit of additional output sold.
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