Question

explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output
1) at the same price.
2) only by lowering the price.​

Answer 1

Answer:

Explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output : (i) at the same price. ... It means, revenue from every additional unit (i.e. MR) will be less than AR. As a result, both AR and MR curves slope downwards from left to right.

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