Distinguish between AR and MR. – InterviewSolution

InterviewSolution

1.	Distinguish between AR and MR.
Answer» AR is the revenue per unit of output whereas marginal revenue is the additional revenue earned by selling one more unit of output.

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When price falls with rise in output, then as quantity sold increases :A. MR falls quickly than ARB. MR falls slowly than ARC. Both MR and AR fall at the same rateD. MR and AR do not change
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