Which of these are true about MR in a pe

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Firms under Perfect Competition

Question:

Which of these are true about MR in a perfectly competitive market?
a) it is the increase in total revenue for a unit increase in the firm's output.
b) If TR from sale of 200 shoes is Rs 5,000 and TR from sale of 201 shoes is Rs 5,200, them MR is Rs 200.
c) MR=AR=Price

Options:

a, b and c

a and b

b and c

c and a

Correct Answer:

a, b and c