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Revenue & Producer's Equilibrium · Question 29 of 55

Question 29

MediumOriginal question

A price-taking firm's TR from 20 units is ₹800. What is its MR?

Options for question 29

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Price = TR ÷ q = 800 ÷ 20 = ₹40.

  2. For a price taker MR = price = ₹40.

Concept
MR of a price taker from TR
Typical time
70 s
Your time
—
The rule this testsRevenue at a price set by the market
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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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