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Revenue & Producer's Equilibrium · Question 10 of 55

Question 10

MediumOriginal question

Assertion (A): When MR is negative, TR falls.

Reason (R): MR is the change in TR from one more unit sold.

Options for question 10

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Both are true, and R explains A: a negative change in TR is a fall in TR.

Concept
Negative MR
Typical time
70 s
Your time
—
The rule this testsTotal, average and marginal revenue
Practise this chapter →

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

Practise this chapter →

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