Which one of the following statements is true about Marginal Revenue?
- aIt is always constant for all firms.
- bIt is always equal to the average revenue.
- cIt is the revenue gained from decreasing output by 1 unit.
- dMR at $x = a$ is the additional revenue obtained by increasing the output from $a$ to $a + 1$.
Answer
Answer
AIWritten by AI (gemini-2.5-pro) - it can contain mistakes.
Correct option: d
Answer: (d) MR at $x = a$ is the additional revenue obtained by increasing the output from $a$ to $a + 1$.
Marginal Revenue represents the additional revenue earned from producing and selling one additional unit of output.
From ISC 2026 Mathematics Paper 1, question 19(ii).