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The theory of the firm under perfect competition — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
What changes will take place in MR, when
  1. TR increases at an increasing rate.
  2. TR increases at a diminishing rate.
  3. TR increases at a constant rate.
✓

Answer

The following changes will take place in MR:
  1. MR will increase.
  2. MR will decrease, but will remain positive.
  3. MR is constant

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