If Marginal Revenue (MR) for Unit 1 is ₹10, for Unit 2 is ₹5, and for Unit 3 is ₹3 then what will be the amount of Total Revenue (TR)?
CA Foundation · Business Economics · PYQS · September 2024
If Marginal Revenue (MR) for Unit 1 is ₹10, for Unit 2 is ₹5, and for Unit 3 is ₹3 then what will be the amount of Total Revenue (TR)?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. ₹ 18
Topics: Theory of Production and Cost