Understand the link between total and marginal revenue, their differences, and how to calculate marginal revenue effectively. Learn when a company should adjust production.

Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. Erika Rasure is globally-recognized as a leading consumer economics ...

Understanding this distinction is vital, as businesses need to identify the point where increasing inputs may no longer lead to proportional output gains, potentially indicating a need for alternative ...