Marginal Revenue

Marginal Revenue
Marginal revenue is the additional income that accrues to an organization as the result of selling an extra unit of sales. It is a critical metric for businesses in understanding the profitability impact of their incremental sales decisions.
Marginal Revenue Product (MRP)
The Marginal Revenue Product (MRP) is an important concept in economics that represents the additional revenue a firm could receive by employing one more unit of input.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.