Economy, asked by thclassshainabi, 5 months ago

3. Average revenue falls with an increase in
marginal revenue. True or false.Explain.

Answers

Answered by IIinnocentBachiII

0

Answer:

It simply refers to additional revenue, when an additional unit of output is sold. (iv) False, because when Marginal Revenue is positive and constant, Total Revenue increases at constant rate but Average Revenue tends to be equal to Marginal Revenue

I hope it helps u ✌️

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