Relationship bet TR andMR
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Posted by Anesh Khemani 7 years ago
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Gaurav Seth 7 years ago
Relationship between Marginal Revenue and Total Revenue is as follows:
(i) TR increases at increasing rate, if MR is increasing.
(ii) TR increases at diminishing rate, if MR is diminishing.
(iii) TR is constant and maximum, if MR is zero.
(iv) TR decreases, when MR becomes negative.
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