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Define marginal revenue. - Economics

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प्रश्न

Define marginal revenue.

परिभाषा
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उत्तर १

Marginal revenue is the additional revenue earned from the sale of the additional unit of output.

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उत्तर २

Marginal revenue is the change in total revenue that results from the sale of one more or one less unit of output. Therefore

`MR = (ΔTR)/(ΔQ) or MR = TR_n - TR_(n-1)`

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अध्याय 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [पृष्ठ ४६८]

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