Question

What change will take place in MR when
i) TR is increasing at an increasing rate.
ii) TR increase at a diminishing rate.
iii) TR is at its maximum point.​

Answer 1

Explanation:

Marginal Revenue (MR) It is the change in Total Revenue on account of the sales of an additional unit of output. (i)When TR increases at an increasing rate, MR increases. (ii)When TR increases at a diminishing rate, MR decreases but remains

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