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Total revenue is the sum total of marginal revenues

+3 votes

asked Dec 15, 2018 in Class 12 by kratos

Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:

Total revenue is the sum total of marginal revenues

cost
class-12
revenue

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1 Answer

+6 votes

answered Feb 6, 2020 by kratos

Best answer

Yes. Sum total of marginal revenues for all the units of output is equal to total revenue.

TR = ∑MR

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