Question

Complete the following table.
Price(Rs.)
12
10
8
6
Output(units)
1
2
3
4
TR(Rs.)
-
-
-
-
MR(RS.)
-
-
-
-
Please tell with explanation
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Answer 1

Answer:

1416181920

2517192123

Answer 2

Answer:

Question 1. How are the total revenue of a firm, market price, and the quantity sold by the firm related to each other?[1 Mark]

Answer: Total Revenue = Market Price x Quantity sold

Question 2. Compute the total revenue, marginal revenue and average revenue schedules in the following table. Market price of each unit of good is Rs. 10.

NCERT Solutions for Class 12 Micro Economics Revenue

Explanation:

Question 3. What would be the shape of the demand curve so that the total revenue curve is

(a) A positively sloped straight line passing through the origin?

(b) A horizontal line?[3-4 Marks]

Answer:

NCERT Solutions for Class 12 Micro Economics Revenue Q3