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CBSE Class 11-commerce Answered

when MR increases?
Asked by shantasachdeva34989 | 14 Jan, 2020, 12:49: PM
answered-by-expert Expert Answer
Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.

Marginal revenue increases whenever the revenue received from producing one additional unit of a good increases faster than its marginal cost of production.
However MR can remain constant and according to law of diminishing returns, it eventually slows down with increase in output.
Answered by Christina | 14 Jan, 2020, 02:25: PM

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