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Complete the following statement: Net addition made to the total revenue by selling an extra unit of a commodity is ______. - Economics

MCQ

Complete the following statement:

Net addition made to the total revenue by selling an extra unit of a commodity is ______.

Options

  • total Revenue

  • marginal Revenue

  • average Revenue

  • marginal Cost

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Solution

Net addition made to the total revenue by selling an extra unit of a commodity is marginal Revenue.

Concept: Exceptions to the Law of Supply
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 4 Supply Analysis
Exercise | Q 1. (5) | Page 45
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