# Choose the Correct Answer from Given Options the Total Revenue Earned by Selling 20 Units is ₹ 700. Marginal Revenue Earned by Selling 21st Unit is ₹ 70. the Value of Total Revenue - Economics

MCQ

Choose the correct answer from given options
The Total Revenue earned by selling 20 units is ₹ 700. Marginal  Revenue earned by selling the 21st unit is ₹ 70. The value of Total Revenue earned by selling total 21 units will be ______________.

• ₹ 721

• ₹ 630

• ₹ 770

• ₹ 720

#### Solution

The Total Revenue earned by selling 20 units is ₹ 700. Marginal Revenue earned by selling the 21st 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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