If total revenue increases when a firm sells more units, then marginal revenue is positive.
The relationship between marginal and overall revenue is favourable. This implies that marginal revenue is positive as overall revenue rises.
Revenue is the sum of money that a company makes by charging a set price for its products or services. It is the beginning point of an organization's income statement that establishes how much net income it generates after deducting costs, taxes, and interest. It is one of the most crucial line items for a firm as a result.
Total revenue is significant because, in order to increase profits, firms want to maximise the gap between their total revenues and total costs. The finest company managers are those who have an understanding of the nuances of how revenues and costs interact.
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