REVENUE - 11TH

Front

Which formula calculates total revenue?

• A) Price × Quantity sold
• B) Price + Quantity sold
• C) Price - Quantity sold
• D) Price ÷ Quantity sold

Back

Price × Quantity sold

Front

What is Marginal Revenue (MR)?

Back

Revenue generated from selling one additional unit of a good

Front

If AR is a horizontal straight line curve, then Marginal Curve will be: Downward Sloping, Upward Sloping, Horizontal Straight line, Inversely S shaped

Back

Horizontal Straight line

Front

AR curve is Downward sloping when:

• Price falls with rise in output
• Price initially rises at an increasing rate, then at diminishing rate
• Price remains same at all levels of output
• none of these

Back

Price falls with rise in output

Front

When MR remains same, TR increases at a _______ rate

Back

constant

Front

When Price falls with an increase in output, TR is ______ when MR is zero.

Back

maximum

Front

When Price falls with rise in output, then:

• AR curve is steeper than MR Curve
• MR curve is Steeper than AR curve
• MR and AR curves coincide in Horizontal straight line parallel to x axis
• None of these

Back

MR curve is Steeper than AR curve

Front

Average Revenue (AR) is calculated as:
Options: Total Revenue ÷ Total Cost, Total Cost ÷ Quantity, Total Revenue ÷ Quantity, Price ÷ Marginal Revenue

Back

Total Revenue ÷ Quantity

Front

When a seller sells all his quantities at a fixed price, TR is:

• Horizontal straight line parallel to X axis
• Vertical straight line parallel to X axis
• Positively straight line passing from origin
• Downward sloping straight line

Back

Positively straight line passing from origin

Front

Under Monopolistic competition, what happens to TR when MR is positive?

Back

TR increases