Question

Which of the following statement is true?

Options

• When TR increases at decreasing rate then MR also increases

• When TR increases at a constant rate then MR is also constant.

• When TR increases at increasing rate then MR declines.

• When TR is minimum, MR is zero.

Answer 1

When TR increases at a constant rate then MR is also constant.

Explanation:

TR increases at a constant pace, and the rate of rising is denoted by MR. As a result, MR becomes constant. A horizontal straight line parallel to the x-axis is known as MR.