January 8, 2015 in Other with: fish, life, pescatarian. I was originally intending to begin this post with the phrase, âI have a confession to makeâ¦â. But then I realized that the use of that phrase makes it sound like I have done something bad or wrong.
The marginal rate of return is a term that is used to identify the rate of return that is generated if a single unit is added to the current process, in comparison with choosing to maintain the status quo or taking some other type of action that exerts some effect on the returns realized.
DEFINITION of 'Marginal Revenue-MR'. The increase in revenue that results from the sale of one additional unit of output. Marginal revenue is calculated by dividing the change in total revenue by the change in output quantity.hile marginal revenue can remain constant over a certain level of output, it follows the law of diminishing returns and will eventually slow down, as the output level increases. Perfectly competitive firms continue producing output until marginal revenue equals marginal cost.