7) Explain the relationship among TR, AR and MR with the help of a diagram.
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The relationship between TR, AR, and MR
When the first unit is sold, TR, AR, and MR are equal. Therefore, all three curves start from the same point. ... When the MR curve touches the X-axis, the TR curve reaches its maximum height. Further, if the MR curve goes below the X-axis, the TR curve starts sloping downwards.
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