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词汇 marginal revenue
释义

Definition of marginal revenue in English:

marginal revenue

noun
mass nounEconomics
  • The revenue gained by producing one additional unit of a product or service.

    the marginal revenue of carrying an individual passenger far exceeded marginal cost
    Example sentencesExamples
    • The opposite extreme in a market is monopoly, where one firm maximizes profits by exploiting the marginal revenue derived from demand.
    • The marginal revenue from lowering the price to grab additional Canadian customers would quickly be more than cancelled by the lost revenue due to Americans paying lower prices.
    • If marginal cost falls, a profit-maximizing firm will expand output, so that marginal revenue falls as well.
    • He was the sole price setter, free to set marginal revenue equal to marginal cost, and free to set price far above marginal cost.
    • In a commodity system such as the beef industry, the unit price of the output is equivalent to marginal revenue.

Definition of marginal revenue in US English:

marginal revenue

noun
Economics
  • The revenue gained by producing one additional unit of a good or service.

    the marginal revenue of carrying an individual passenger far exceeded marginal cost
    Example sentencesExamples
    • He was the sole price setter, free to set marginal revenue equal to marginal cost, and free to set price far above marginal cost.
    • The marginal revenue from lowering the price to grab additional Canadian customers would quickly be more than cancelled by the lost revenue due to Americans paying lower prices.
    • In a commodity system such as the beef industry, the unit price of the output is equivalent to marginal revenue.
    • If marginal cost falls, a profit-maximizing firm will expand output, so that marginal revenue falls as well.
    • The opposite extreme in a market is monopoly, where one firm maximizes profits by exploiting the marginal revenue derived from demand.
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