When price falls with a rise in output, then
A. MR curve is steeper than the AR curve
B. AR curve is steeper than the MR curve
C. MR and AR curve coincide in a horizontal straight line parallel to the X axis
D. None of these.
Answer:A
When price falls with a rise in output, then
A. MR curve is steeper than the AR curve B. AR curve is steeper than the MR curve C. MR and AR curve coincide in a horizontal straight line parallel to the X axis D. None of these.