Question

Find $MR$ when $TR$ increases from $Rs.1,500$ to $Rs.2,000$, and output increases from $100$ units to $150$ units.

Answer 1

$MR=\frac{△TR}{△Q}=\frac{2,000-1,500}{150-100}=\frac{500}{50}=10$
$MR=Rs.10$.