when average revenue is fixed what will be the marginal revenue?
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The average revenue is the total revenue earned divided by the total units. A competitive firm's marginal revenue always equals its average revenue and price. This is because the price remains constant
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48 -32 = Rs. 16 Likewise, it will be found for further units of the product sold that marginal revenue is equal to price. The case of perfect competition when for an individual firm average revenue (or price) remains constant and marginal revenue is equal to average revenue is graphically shown in Fig.
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