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When output increases from 50 units to 7...

When output increases from 50 units to 70 units, TR increases from ₹ 4,000 to ₹ 5,000. Calculate MR.

Text Solution

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The correct Answer is:
MR = ₹ 50
`("Change in Total Revenue")/("Change in number of units")=(DeltaTR)/(DeltaQ)=(5,000-4,000)/(70-50)=(1,000)/(20)= ₹ 50`
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