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प्रश्न
The average revenue RA is 50 and elasticity of demand η is 5, the marginal revenue RM is ______.
रिकाम्या जागा भरा
उत्तर
The average revenue RA is 50 and elasticity of demand η is 5, the marginal revenue RM is 40.
Explanation:
The marginal revenue RM is calculated using the formula:
`R_M = R_A xx ((η - 1)/η)`
Given:
- Average Revenue (RA) = 50
- Elasticity of Demand (η) = 5
`R_M = 50 xx ((5-1)/5)`
= `50 xx 4/5 = 40`
Marginal Revenue (RM) = 40
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