marginaalituotto

Marginaalituotto, also known as marginal revenue, is a concept in economics that refers to the additional revenue generated by producing and selling one more unit of a good or service. It is a crucial element in the analysis of profit maximization and cost-benefit analysis. Marginal revenue is calculated as the change in total revenue resulting from the sale of one additional unit of output. In a perfectly competitive market, the price of a good is constant, and thus the marginal revenue is equal to the price of the good. However, in markets with price discrimination or where the price varies with the quantity sold, marginal revenue can differ from the price.

Understanding marginal revenue is essential for businesses to determine the optimal level of production. By comparing marginal revenue to marginal cost, businesses can decide whether to produce more or fewer units. If marginal revenue exceeds marginal cost, producing more units will increase profit. Conversely, if marginal revenue is less than marginal cost, producing more units will result in a loss. Marginal revenue is also a key concept in microeconomic theory, used to analyze the behavior of firms and consumers in various market structures.