Marginal profit is the profit earned by a firm or individual when one additional unit is produced and sold.

Marginal revenue is the incremental gain produced by selling an additional unit. It follows the law of diminishing returns, eroding as output levels increase.

Marginal revenue is a useful tool companies use to determine how to price their products and services, and here's how it's calculated.

Marginal cost helps predict profit increases as companies grow. Companies maximize profit by balancing marginal costs and revenues. Different business models influence the marginal costs' impact ...