Question

Distinguish among total , Average and marginal revenue curves​

Answer 1

Answer:

• Total revenue (TR) is calculated by price times quantity sold. This is the revenue received from the sale of a given level of output. ... Marginal revenue is the extra revenue earned from the sale of one extra unit. It is the difference between total revenue at different levels of output.

Answer 2

QUESTION

Distinguish among total , Average and marginal revenue curves

ANSWER

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