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State Whether the Following Statements Are True Or False. Give Reasons for Your Answer: (I) When Marginal Revenue is Constant and Not Equal to Zero, Then Total Revenue Will Also Be Constant. - Economics

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State whether the following statements are true or false. Give reasons for your answer:

(i) When marginal revenue is constant and not equal to zero, then total revenue will also be constant. 

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Solution

False, when Marginal Revenue is constant and not equal to zero, the Total Revenue will not be constant rather it will increase at a constant rate. 

Concept: Marginal Product
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