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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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Question

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. 

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. 

  Is there an error in this question or solution?
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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. Concept: Marginal Product.
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