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Compute the total revenue, marginal reve...

Compute the total revenue, marginal revenue and average revenue schedules in the following table.
Market price of each unit of the good is ₹ 10.

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Compute TR,MR and AR scheduled in the following table. Market price of each unit of the good is Rs 10

State the relation between marginal revenue and average revenue.

Knowledge Check

  • Price and Average Revenue are :

    A
    Always same
    B
    Always different
    C
    sometimes same
    D
    Sometimes different

  • Marginal revenue and price are always equal under.

    A
    Perfectly Competition only
    B
    Monopolistic Competition
    C
    Oligopoly
    D
    All of these

    • Similar Questions

    Explore conceptually related problems

    State the relation between marginal revenue and average revenue.

    When total revenue is constant, average revenue falls.

    When marginal revenue is zero, average revenue will be constant.

    When marginal revenu is zero, average revenue will be constant.

    When marginal revenue falls to zero, average revenue becomes maximum

    When marginal revenue falls to zero, average revenue becomes maximum.

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