Question

A firm sales and units of a good and its average revenue is rupees 12. When it sells 11 units, it gets rupees 121 total revenue. Find out the marginal revenue of the 17th unit​

Answer 1

Can you imagine a world without merchants, where we are left to our own devices to acquire goods and services without middlemen? Sounds like a harsh place to be. The sale and trade of goods defines much of the development and history of the world.

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