Complete the following table : `{:("Output",,"Price",,"Total Revenue", – InterviewSolution

1.	Complete the following table : `{:("Output",,"Price",,"Total Revenue",,"Marginal Revenue"),(("Units"),,(₹),,(₹),,(₹)),(1,,7,,-,,-),(2,,6,,-,,-), (3,,4,,-,,-), (4,,2,,-,,-):}`
Answer» `{:("Output",,"Price",,"Total Revenue",,"Marginal Revenue"),(("Units"),,(₹),,(₹),,(₹)),(1,,7,,7,,7),(2,,6,,12,,5), (3,,4,,12,,0), (4,,2,,8,,(-) 4):}`

Discussion

No Comment Found

Related InterviewSolutions

When price falls with rise in output, then as quantity sold increases :A. MR falls quickly than ARB. MR falls slowly than ARC. Both MR and AR fall at the same rateD. MR and AR do not change
When price falls with rise in output, then :A. MR curve is steeper than AR curveB. AR curve is steeper than MR curveC. MR and AR curves coincide in a horizontal straight line parallel to the X-axisD. None of these
Which of the following diagram correctly depicts the relation between AR and MR when price falls with rise in output ?A. B. C. D.
Identify the correct MR curve from the following options when price remains same with ris in output :A. B. C. D.
When price remains same with rise in output, AR curve is :A. Vertical straight line parallel to Y-axisB. Horizontal straight line parallel to X-axisC. Downward slopingD. Positively sloped
When a firm faces perfectly elastic demand for its product, at all levels of output :A. AR `gt` MRB. AR = MRC. AR `lt` MRD. Any one of the above
If AR of 5 units of output is ₹ 20 and of 7 units is ₹ 18, MR of 7 units of output is :A. 26B. 13C. 2D. `₹ -1`
Complete the following table :
Calculate TR and AR.
A shopkeeper sold 25 calculators at the price of ₹ 125 each. His total receipts increased to ₹ 3,380 after selling 26 calculators. At what price did he sell the `26^(th)` calculator ?