Question

total revenue of a seller is 110 rupees from selling 10 kg of potatoes. When he sells 11 kg of potatoes,his total revenue becomes 120 rupees . Now, what is his marginal revenue from selling 11 kg of potatoes?​

Answer 1

marginal revenue means additional revenue made to the total revenue...

here,10kg=110 rupees.....

11kg=120 rupees...

so,the marginal revenue for 11th kg will be 120-110=10

therefore marginal revenue will be 10 rupees..

hope you have understood this...

comment if you are not clear

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