Question

What is the difference between total revenue and marginal revenue?

Answer 1

Heya...

Total revenue..

It is the total money receipt of a firm from sale of a given output is called total revenue...

TR = AR * Q.....(AR is average revenue or price and Q is Quantity selled )

2 Marginal Revenue...

Marginal revenue is the change in total revenue when one more unit is selled of a commodity....

MR= TRn- TRn-1

Answer 2

Explanation:

thats the answer. . see above page that's the answer

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