What is the relation between total revenue and marginal revenue? – InterviewSolution

1.

What is the relation between total revenue and marginal revenue?

Answer»

Following points show the relation between total revenue and marginal revenue :

When TR is increasing at constant rate, MR should be constant.
When TR is increasing at diminishing rate, MR should be constant.
When TR is maximum, MR is zero.
When TR is diminishing, MR is negative.

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