Advertisements
Advertisements
प्रश्न
What is the behaviour of Marginal Revenue in a market in which a firm can sell any quantity of the output it produces at a given price?
Advertisements
उत्तर
The type of market implied in the question is perfect competition. In this market structure, the Marginal Revenue (MR) curve is constant for all levels of output. The MR curve is a horizontal straight line parallel to the output-axis.
shaalaa.com
Marginal Rate of Substitution (MRS)
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
