What is MR? How is it related to AR? Production Behaviour and Supply Economics Class 12 CBSE Value Based Questions Deepak Jul 21, 2020 1 Answers
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MR refers to the change in TR due to sale of an additional unit.
Relation –
1. If AR (Price) is constant, MR = AR
2. If AR (Price) falls, MR < AR.
3. If AR (Price) rises, MR > AR.