Question

Define TR, MR, AR relationship between them.
Waiting for above attach day.....♡​

Answer 1

Answer:

Explanation:

Revenue is the income generated from the sale of goods and services in a market. 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 ...

Answer 2

Answer:

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. Further, as long as MR is positive, the TR curve slopes upwards. ... Therefore, if the AR curve has a negative slope, then the MR curve has a greater slope and lies below it.