Download App

Non-Competitive Markets — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsNon-Competitive Markets1 Mark
Question
Define marginal revenue.
✓

Answer

MR is addition to TR on account of selling or producing one more unit of output.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Non-Competitive Markets→Non-Competitive Markets — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Define normative economics.
OR
Define normative economics, with a suitable example.
→
Give the meaning of ‘inelastic demand’.
→
A person's MU schedule is given below. Derive its TU schedule (Assume that TU of consuming zero unit is zero).
Amount consumed
1
2
3
4
5
6
MU
10
8
6
3
2
1
→
Why is price ceiling resorted to by the government?
→
If a firm shuts down in the short run, will it have zero costs or not? Explain.
→
Define supply.
→
What does Monopolistic Competition mean?
→
Define monopoly.
→
In which market form the goods are sold at uniform price?
→
Give reasons for the following statements:
  1. A Production Possibility Frontier is always a downward sloping concave curve.
  2. An efficient economy would always produce a combination of goods that lies on the given Production Possibility Frontier.
  3. Growth of an economy is represented in the form of a rightward shift of a Production Possibility Frontier.
→