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)?
(A) A. ₹ 10
(B) B. ₹ 15
(C) C. ₹ 8
(D) D. ₹ 18

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. ₹ 18

Topics: Theory of Production and Cost

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