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प्रश्न
Identify and explain the concept from the given illustration:
Hritik earned additional revenue of ₹750 by selling additional chairs.
टीपा लिहा
उत्तर
- Identified concept: Marginal revenue
- Explanation of concept: The net increase in overall revenue from selling an additional unit of the commodity is known as marginal revenue. It is calculated with the help of the following formula: MRn = TRn - TRn -1
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