How does marginal revenue differ from total revenue in the world of digital currencies?

3 answers

• Nov 23, 2021 · 3 years ago
  Marginal revenue in the world of digital currencies refers to the additional revenue generated from the sale of one additional unit of a digital currency. It represents the change in total revenue when one more unit is sold. On the other hand, total revenue is the overall revenue generated from the sale of all units of a digital currency. It is the sum of the revenue obtained from selling each unit. In summary, marginal revenue focuses on the incremental revenue from each additional unit, while total revenue considers the revenue from all units sold.
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• Nov 23, 2021 · 3 years ago
  When it comes to digital currencies, marginal revenue is the extra revenue gained by selling one more unit of a cryptocurrency. It helps businesses understand the impact of selling an additional unit on their overall revenue. Total revenue, on the other hand, is the sum of the revenue obtained from selling all units of a digital currency. It provides a holistic view of the revenue generated. So, while marginal revenue focuses on the incremental gain, total revenue looks at the overall picture.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, explains that marginal revenue and total revenue are two important concepts in the world of digital currencies. Marginal revenue represents the change in total revenue when one more unit of a digital currency is sold. It helps businesses understand the impact of selling an additional unit on their revenue. Total revenue, on the other hand, is the overall revenue generated from the sale of all units of a digital currency. Both concepts are crucial for businesses to analyze their revenue streams and make informed decisions.
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