Relationship between Total Revenue and Marginal Revenue
What is the relationship among Total Revenue (TR) and Marginal Revenue (MR)? Answer: A) If MR is positive, TR rises although at diminishing rate. B) If MR is Zero, TR becomes maximum.
What is the relationship among Total Revenue (TR) and Marginal Revenue (MR)?
Answer:
A) If MR is positive, TR rises although at diminishing rate. B) If MR is Zero, TR becomes maximum.
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When Christmas trees are a constant cost industry and such firm is typical, in that case the industry’s long-run supply curve is curve that is: (w) A. (x) B. (y) C. (z) E. Discover Q & A Leading Solution Library Avail More Than 1431200 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1935547 Asked 3,689 Active Tutors 1431200 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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