When average revenue is Rs.50 and output is equal to 15 units, total revenue will be:

Rs.735

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Rs.750

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Rs.765

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Rs.770

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Solution

The correct option is D Rs.750
When average revenue is Rs.50 and output is equal to 15 units, total revenue will be Rs 750 since total revenue refers to the product of price and number of units of output and under perfect competition AR is equal to price.
TR= PQ = ARQ = 50*15 =750

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R s . 15

10

T R

Output (Units)	Average Revenue (Rs.)	Marginal Revenue (Rs.)	Total Revenue (Rs.)
$1$ $2$ $3$ $4$	- - $11$ -	$15$ - - $3$	- $26$ - -

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