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10-03-2017
Social Studies

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What does the word marginal in the term marginal revenue stand for?

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maura2mconroy0547 maura2mconroy0547

10-03-2017

In economics, the term marginal is used to indicate the change in some benefit or cost. when an additional unit is produced. For instance, the marginal revenue is the change in. total revenue when an additional unit is produced.

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