when MR is constant and not equal to zero , TR will also be constant . is it true or false ? Give reason for your answer .
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Answer:
true
Explanation:
MR = TR(n) - TR(n-1)
so when MR is constant but not zero then firm will get constant returns but not higher returns
we can say that the firm is in the second stage of its life and not fully utilising it's resources.
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