Explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output :
(i) at the same price.
(ii) only by lowering the price.
OR
Explain the effect of the following on the supply of a commodity :
(a) Fall in the prices of factor inputs.
(b) Rise in the prices of other commodities.
Standard XI
Economics
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Explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output :
(i) at the same price.
(ii) only by lowering the price.
OR
Explain the effect of the following on the supply of a commodity :
(a) Fall in the prices of factor inputs.
(b) Rise in the prices of other commodities.
Posted on 02 Apr 2024, this text provides information on Standard XI related to Economics. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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