If the cost of commodity is ₹ 5 in perfect competition market and the firm sells 50 commodities then what will be the marginal revenue and average revenue?
A. ₹ 5
B. ₹ 250
C. ₹ 10
D. None of these
Answer:A
If the cost of commodity is ₹ 5 in perfect competition market and the firm sells 50 commodities then what will be the marginal revenue and average revenue?
A. ₹ 5 B. ₹ 250 C. ₹ 10 D. None of these