Question 10
MediumOriginal questionAssertion (A): When MR is negative, TR falls.
Reason (R): MR is the change in TR from one more unit sold.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Both are true, and R explains A: a negative change in TR is a fall in TR.
- Concept
- Negative MR
- Typical timeTypical
- 70 s
- Your timeYours
- —
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Ten questions from Revenue & Producer's Equilibrium, at your own pace.