The increase in turn over that is produced by the increase of the sales by one unit is called as the marginal revenue. It is the change in total revenue divided by the output quantity. This online calculator is used to find the marginal revenue gained with price of the products sold. Enter the number of quantity sold initially and the number of quantity sold, the second time and their prices.
The increase in turn over that is produced by the increase of the sales by one unit is called as the marginal revenue. It is the change in total revenue divided by the output quantity. This online calculator is used to find the marginal revenue gained with price of the products sold. Enter the number of quantity sold initially and the number of quantity sold, the second time and their prices.
The marginal revenue will slow down if output increases, and it follows the law of diminishing returns.
Consider the number of quantity initially sold is 20 with the price of each product as 100. The number of items sold during the second time is 21 with price of each item as 150.
TR Earned Initially = 20x100 = 2000
TR Earned Finally = 21 x 150 = 3150
Marginal Revenue = 3150 - 2000
= ₹ 1150
Therefore, the Marginal Revenue is ₹ 700
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