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प्रश्न
Distinguish between:
Marginal Revenue and Marginal Cost
अंतर स्पष्ट करें
उत्तर
| Marginal Revenue | Marginal Cost | |
| Meaning | Marginal revenue is the net addition made to total revenue by selling an extra unit of the commodity. | Marginal cost is the net addition made to total cost by producing one more unit of output. |
| Formula | Marginal revenue is calculated with the help of the following formula: MRn = TRn – TRn-1 | Marginal cost is calculated with the help of the following formula: MCn = TCn – TCn-1 |
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