Managerial Economics

1:

MRn = TRn - TRn_1 is the algebraic expression of

A.

Information is insufficient

B.

Marginal Revenue, the change in total revenue when there is a change in quantity sold of the product.

C.

The addition to TR earned by selling n units of product instead of (n-1) units

D.

None of the above

 

Answer : B

Explanation :

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Option: A

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