Economy, asked by lokeshjames7, 4 months ago

Define Total revenue ,Marginal revenue and Average revenue​

Answers

Answered by Anonymous
8

Answer:

Average Revenue (AR) = price per unit = total revenue / output. The AR curve is the same as the demand curve. Marginal Revenue(MR) = the change in revenue from selling one extra unit of output. Total Revenue (TR) = Price per unit x quantity.

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