What is marginal revenue ? How is marginal revenue calculated ? Explain with an example.
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Explanation:
A company calculates marginal revenue by dividing the change in total revenue by the change in total output quantity. Therefore, the sale price of a single additional item sold equals marginal revenue. For example, a company sells its first 100 items for a total of $1,000.
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Answer:
it is a marginal revenue for a variety of crops grown all over the country with availability of food grains
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