Question

show the relation between marginal revenue and total revenue​

Answer 1

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

Answer 2

Answer:

To calculate marginal revenue, divide the change in total revenue by the change in the quantity sold. Therefore, the marginal revenue is the slope of the total revenue curve. ... The total revenue is directly related to this calculation.