The formula used in the calculations is:
\[ \text{MR} = \frac{\Delta \text{TR}}{\Delta \text{Q}} \]
This calculator computes the Marginal Revenue (MR) based on the input values of the change in total revenue (ΔTR) and the change in quantity (ΔQ). Marginal revenue is the additional revenue that a company generates by selling one more unit of a good or service.
Let's assume the following:
Calculate the Marginal Revenue (MR):
\[ \text{MR} = \frac{500}{50} = 10 \]
Therefore, the Marginal Revenue (MR) is $10.