Advertisements
Advertisements
Question
From the following statements given in Column I and Column II, choose the correct pair of statements.
| Column I | Column II |
| A. Total Revenue | 1. ∑MR |
| B. Marginal Revenue | 2. $$\frac{TR}{Q}$$ |
| C. Average Revenue | 3. $$TR_n - TR_{n-1}$$ |
Options
A - 1, B - 2, C - 3
A - 1, B - 3, C - 2
A - 3, B - 2, C - 1
MCQ
Advertisements
Solution
A - 1, B - 3, C - 2
Explanation:
| Column I | Column II |
| A. Total Revenue | 1. ∑MR |
| B. Marginal Revenue | 3. $$TR_n - TR_{n-1}$$ |
| C. Average Revenue | 2. $$\frac{TR}{Q}$$ |
shaalaa.com
Is there an error in this question or solution?
