Assume that when price is ₹ 20, quantity demanded is 15 units, and when price is ₹ 18 quantity demanded is 16 units. Based on this information, what i is the marginal revenue resulting from an increase in output from 15 units to 16 units?
A. ₹ 18
B. ₹ 16
C. ₹ 12
D. ₹ 28
Answer:C
Assume that when price is ₹ 20, quantity demanded is 15 units, and when price is ₹ 18 quantity demanded is 16 units. Based on this information, what i is the marginal revenue resulting from an increase in output from 15 units to 16 units?
A. ₹ 18 B. ₹ 16 C. ₹ 12 D. ₹ 28