The price of a commodity is 10 per unit and total revenue from it is 1,000. Its price elasticity of supply is 0.8. Its price falls by 10 percent. Calculate the total revenue at the reduced price.
The total revenue of a firm increased by ₹ 5,400, when his sale increased from 35 units to 50 units. Calculated marginal revenue of the firm.
RADHA BHUGANA-CONCEPTS OF REVENUE-Unsolved numericals