REVENUE - 11TH

Which formula calculates total revenue?

• • A) Price × Quantity sold

• • B) Price + Quantity sold

• • C) Price - Quantity sold

• • D) Price ÷ Quantity sold

What is Marginal Revenue (MR)?

• • A) Revenue minus costs

• • B) Total revenue divided by quantity sold

• • C) Revenue generated from selling one additional unit of a good

• • D) Revenue generated from the total quantity sold

If AR is a horizontal straight line curve, then Marginal Curve will be :

• Downward Sloping

• Upward Sloping

• Horizontal Straight line

• Inversely S shaped

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

When MR remains same, TR increases at a _______ rate

• increasing

• constant

• decreasing

• both a and b

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

• maximum

• minimum

• zero

• none of these

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

Average Revenue (AR) is calculated as:

• Total Revenue ÷ Total Cost

• Total Cost ÷ Quantity

• Total Revenue ÷ Quantity

• Price ÷ Marginal Revenue

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

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

• TR increases

• TR decreases

• TR is maximum

• TR remains Same