Chapter: Forms of Market· Economics
Complete the following statement: Net addition made to the total revenue by selling an extra unit of a commodity is _____.(a) Total revenue(b) Average revenue(c) Marginal cost(d) Marginal revenue
Q.1 (D) (v) Complete the following statement: Net addition made to the total revenue by selling an extra unit of a commodity is _____.
(a) Total revenue
(b) Average revenue
(c) Marginal cost
(d) Marginal revenue
A. Total revenue
B. Average revenue
C. Marginal cost
D. Marginal revenue