Question 12EconomicsWAEC & JAMB

given that TR is total revenue, then TRn- TR(n-1) can be used to find the

A

marginal revenue

B

marginal cost

C

average cost

D

average revenue

Step-by-Step Explanation

Ans: A____Marginal revenue.
i.e: MRn-1 = TRn-TRn-1
 Also, MR2 =TR2 -TR1
          MR3=TR3-TR2.
          MR4=TR4-TR3.

Comments (0)