Question 115
EasyOriginal questionA shop can sell lamps a week at a price of rupees each. What is the marginal revenue when ?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Revenue is price times quantity: .
Marginal revenue ; at it is rupees.
Worth noting
₹80 is the price ; marginal revenue is the derivative of the revenue , not the price.
- Concept
- Marginal revenue from a price law
- Typical timeTypical
- 60 s
- Your timeYours
- —
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