How do changes in MR affect TR? Production Behaviour and Supply Economics Class 12 CBSE Value Based Questions Bipin Ashok Chavan Jul 21, 2020 1 Answers
Answers
Ashish Koul
1. If MR increases, TR increases at increasing rate.
2. If MR is constant, TR increases at constant rate.
3. If MR falls, TR increases at diminishing rate.