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Simple English definitions for legal terms

marginal revenue

Read a random definition: public right-of-way

A quick definition of marginal revenue:

Definition: Marginal revenue is the extra money a company makes by selling one more unit of a product. It is the difference between the revenue earned from selling the last unit and the revenue earned from selling the second-to-last unit. For example, if a company sells 10 units of a product for $100 and then sells 11 units for $110, the marginal revenue for the 11th unit is $10.

A more thorough explanation:

Marginal revenue refers to the additional revenue earned from the sale of one more unit of a product or service.

If a company sells 100 units of a product for $10 each and then sells 101 units for $9.50 each, the marginal revenue for the 101st unit is $9.50.
A restaurant that sells 50 meals for $20 each and then sells 51 meals for $19 each has a marginal revenue of $19.

These examples show how marginal revenue is calculated by looking at the change in revenue from selling one additional unit. In both cases, the marginal revenue is lower than the previous unit's price because the company had to lower the price to sell the additional unit.

margin account | margin call

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

windyMagician

11:09

shaq hows ur love life going? any updates?

shaquilleoatmeal

11:14

damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol

cheriebomb

11:14

i made out with my ex in a stairwell the other day if you care. my only update

shaquilleoatmeal

11:14

oof

shaquilleoatmeal

11:14

twitter ex or a different ex

cheriebomb

11:15

different ex

windyMagician

11:15

since its not Twitter dude I'll forgive it

shaquilleoatmeal

11:17

at least you did that before the new year, cant carry that baggage in 25

cheriebomb

11:17

I think he thinks if I move to nyc we’re going to get back together

cheriebomb

11:17

that’s not my plan tbh

jackfrost11770

11:18

https://www.reddit.com/r/lawschooladmissions/comments/1hk0qlh/insane_admissions_story/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

jackfrost11770

11:18

this is so funny

shaquilleoatmeal

11:19

lmao damn wish id be classmates with this dude

shaquilleoatmeal

11:20

@cheriebomb: you never know what the future holds

jackfrost11770

11:20

also cherie fallen soldier

jackfrost11770

11:20

i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds

cheriebomb

11:20

i don’t fw him that heavy tbh

cheriebomb

11:21

i get along better with his friends than i do with him

windyMagician

11:21

nah the hiking in Nike blazers deserves jail time

cheriebomb

11:21

he was already vomiting and shitting in a hole I think he did his penance

windyMagician

11:26

call that restorative justice

shaquilleoatmeal

11:34

@cheriebomb: https://www.boston.com/travel/travel/2024/12/20/boston-was-just-named-the-most-beautiful-winter-city-in-the-world/

cheriebomb

11:35

they put a place in the UK second. I don’t trust their methodology

shaquilleoatmeal

11:35

im laughin cause it definitely isnt but the fact that some people this it is is comical

shaquilleoatmeal

11:35

tink*

shaquilleoatmeal

11:35

think jee

shaquilleoatmeal

11:35

jeez - im over it

cheriebomb

11:37

imagine saying you want to go to boston for christmas 💀

shaquilleoatmeal

11:40

https://www.instagram.com/backbayboston/p/DD13nN_RM3g/

shaquilleoatmeal

11:40

imagine you not wanting to go what lmao

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