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MCQ

**Choose the correct answer from given options**The Total Revenue earned by selling 20 units is ₹ 700. Marginal Revenue earned by selling the 21

^{st}unit is ₹ 70. The value of Total Revenue earned by selling total 21 units will be ______________.

#### Options

₹ 721

₹ 630

₹ 770

₹ 720

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#### Solution

The Total Revenue earned by selling 20 units is ₹ 700. Marginal Revenue earned by selling the 21^{st} unit is ₹ 70. The value of Total Revenue earned by selling a total of 21 units will be ₹ 770.

Hence, the correct answer is **₹ 770.**

Concept: Total, Average and Marginal Revenue

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