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Chapter 6-Revenue-Class 11th-Microeconomics-Study Notes CBSE
Chapter 6-Revenue-Class 11th-Microeconomics-Study Notes CBSE
Chapter 6: Revenue
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Chapter 6: Revenue
Chapter 6: Revenue
Study Notes
Revenue
AR = TR / Output sold
AR and price are the same.
TR = Quantity sold × price or
output sold × price
AR = (output / quantity ×
price) / Output/ quantity
AR= price
MRn = TR n – TR n-1
MR n = Δ TR n / Δ Q
TR = Σ MR
Units Price TR AR MR
1 10 10 10 10
2 10 20 10 10
3 10 30 10 10
4 10 40 10 10
Units Price TR AR MR
1 10 10 10 10
2 9 18 9 8
3 8 24 8 6
4 7 28 7 4
5 6 30 6 2
6 5 30 5 0
7 4 28 4 -2
Formulae at a glance:
TR = price or AR × Output
sold or TR = Σ MR
AR (price) = TR ÷ units sold
MR n = MR n – MR n-1
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