What change should take place in total revenue when:(i) Marginal reven – InterviewSolution

1.

What change should take place in total revenue when:(i) Marginal revenue is positive and constant, and(ii) Marginal revenue is falling.

Answer»

(i) When MR is positive and constant, TR should increase at a constant rate.

(ii) When MR is falling, TR should increase at a decreasing rate.

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