Economy, asked by aashi9924, 10 months ago

When average revenue is constant, what is the state of marginal revenue?

Answers

Answered by tamilkumar01071984
0

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Explanation:

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Answered by hotelcalifornia
0

When average revenue is constant the state of marginal revenue is zero.

What is the relation between average revenue and marginal revenue?

  • Average revenue is the income of seller by selling any product whereas marginal revenue is the net income earns by the seller by selling an additional product
  • In a perfect market, when average revenue is constant then marginal revenue is equal to average revenue
  • Average revenue is equal to the total revenue by total output whereas marginal revenue is equal to total revenue by the slope of the total revenue curve
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