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Question
The slope of the total revenue curve equals ______.
Options
marginal revenue
marginal product
average revenue
average product
MCQ
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Solution
The slope of the total revenue curve equals marginal revenue.
Explanation:
The slope of any total curve measures its rate of change. Because Marginal Revenue (MR) is defined as the change in total revenue resulting from selling one additional unit of output, it mathematically represents the exact slope of the Total Revenue (TR) curve.
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