Economy, asked by hiteshakhedkar, 3 months ago

explain the relationship between total revenue and marginal revenue with the help of a revenue schedule​

Answers

Answered by meawww123
5

Answer:

Total revenue is the full amount of total sales of goods and services. It is calculated by multiplying the total amount of goods and services sold by their prices. Marginal revenue is the increase in revenue from selling one additional unit of a good or service.

Answered by Sarah0909
27

Answer:

Total revenue is the full amount of total sales of goods and services. It is calculated by multiplying the total amount of goods and services sold by their prices. Marginal revenue is the increase in revenue from selling one additional unit of a good or service.

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