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Question
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 ______________.
Options
₹ 721
₹ 630
₹ 770
₹ 720
MCQ
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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.
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