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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Define Marginal Revenue.
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Answer

Marginal Revenue is the change in Total Revenue on account of the sale of an additional unit of output.
MRnth = TRn - TRn - 1

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