Marginal revenue is always the price at which last unit of a commodity

1.	Marginal revenue is always the price at which last unit of a commodity is sold. Comment.
Answer» <html><body><p></p>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/given-473447" style="font-weight:bold;" target="_blank" title="Click to know more about GIVEN">GIVEN</a> statement is <a href="https://interviewquestions.tuteehub.com/tag/incorrect-499101" style="font-weight:bold;" target="_blank" title="Click to know more about INCORRECT">INCORRECT</a>. It is possible only when price is constant at all levels of <a href="https://interviewquestions.tuteehub.com/tag/output-1142821" style="font-weight:bold;" target="_blank" title="Click to know more about OUTPUT">OUTPUT</a>. If price <a href="https://interviewquestions.tuteehub.com/tag/falls-983294" style="font-weight:bold;" target="_blank" title="Click to know more about FALLS">FALLS</a> with rise in output, then marginal revenue is less than the price (or average revenue).</body></html>

Marginal revenue is always the price at which last unit of a commodity is sold. Comment.