Let TR be total revenue, Q be quantity of output and ‘rr the number of units, then marginal revenue equals (Choose the correct alternative) : (a) TRn – TRn-1 only (b) \(\frac{Change\,in\,TR}{Change\,in\,Q}\) Only(c) Both (a) and (b) (d) None of the above

Let TR be total revenue, Q be quantity of output and ‘rr the number

1.	Let TR be total revenue, Q be quantity of output and ‘rr the number of units, then marginal revenue equals (Choose the correct alternative) : (a) TRn – TRn-1 only (b) \(\frac{Change\,in\,TR}{Change\,in\,Q}\) Only(c) Both (a) and (b) (d) None of the above
Answer» (c) Both (a) and (b).

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Let TR be total revenue, Q be quantity of output and ‘rr the number of units, then marginal revenue equals (Choose the correct alternative) : (a) TRn – TRn-1 only (b) \(\frac{Change\,in\,TR}{Change\,in\,Q}\) Only(c) Both (a) and (b) (d) None of the above

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