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Revenue & Producer's Equilibrium · Question 7 of 55

Question 7

MediumOriginal question

TR from selling 9 units is ₹270 and from 10 units is ₹290. What are the AR at 10 units and the MR of the 10th unit?

Options for question 7

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. AR₁₀ = 290 ÷ 10 = ₹29.

  2. MR₁₀ = 290 − 270 = ₹20.

Concept
AR and MR from TR
Typical time
70 s
Your time
—
The rule this testsTotal, average and marginal revenue
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Ten questions from Revenue & Producer's Equilibrium, at your own pace.

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Ten questions from Revenue & Producer's Equilibrium, at your own pace.

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