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Byju's Answer
Standard XII
Mathematics
Rate of Change
Total revenue...
Question
Total revenue is the sum total of marginal revenues.
A
True
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B
False
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Solution
The correct option is
A
True
Sum total of marginal revenues for all the units of output is equal to total revenue.
T
R
=
Σ
M
R
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When the total revenue is maximum, the marginal revenue is
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What are meant by total revenue, average revenue and marginal revenue?
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