the revenue per unit of one commodity sold is called as______
(a) total revenue
(b) marginal revenue
(c) average revenue
(d) none of the above
(a) total revenue
(b) marginal revenue
(c) average revenue
(d) none of the above
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Answer:
Explanation:
(b)
since marginal revenu is the total amount of mony that is paied for a unit commodity
i.e marginalrevenu = totalincome by selling the commedity - the total capital paied for the commedity to prepare.