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assume that when price is rs 20 the quantity demand is 9 units and price is 19 quantity demand is 10 unit. what is the marginal revenue an increase in output from 9 to 10 units? plz solve it
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assume that when price is rs 20 the quantity demand is 9 units and pri...
Introduction:
In order to determine the marginal revenue of an increase in output from 9 to 10 units, we need to understand the concept of marginal revenue and how it is calculated.

Understanding Marginal Revenue:
Marginal revenue refers to the additional revenue generated from selling one more unit of a product or service. It is calculated by dividing the change in total revenue by the change in quantity sold.

Given Information:
- Price at 9 units: Rs 20
- Quantity demand at 9 units: 9 units
- Price at 10 units: Rs 19
- Quantity demand at 10 units: 10 units

Calculating Marginal Revenue:
To calculate the marginal revenue of an increase in output from 9 to 10 units, we need to find the change in total revenue and the change in quantity sold.

Change in Total Revenue:
The change in total revenue can be calculated by subtracting the total revenue at 9 units from the total revenue at 10 units.

Total revenue at 9 units = Price at 9 units * Quantity demand at 9 units
= Rs 20 * 9
= Rs 180

Total revenue at 10 units = Price at 10 units * Quantity demand at 10 units
= Rs 19 * 10
= Rs 190

Change in total revenue = Total revenue at 10 units - Total revenue at 9 units
= Rs 190 - Rs 180
= Rs 10

Change in Quantity Sold:
The change in quantity sold can be calculated by subtracting the quantity demand at 9 units from the quantity demand at 10 units.

Change in quantity sold = Quantity demand at 10 units - Quantity demand at 9 units
= 10 units - 9 units
= 1 unit

Final Calculation:
Now, we can calculate the marginal revenue by dividing the change in total revenue by the change in quantity sold.

Marginal revenue = Change in total revenue / Change in quantity sold
= Rs 10 / 1
= Rs 10

Conclusion:
Therefore, the marginal revenue of an increase in output from 9 to 10 units is Rs 10. This means that by producing and selling one additional unit, the company generates an additional revenue of Rs 10.
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assume that when price is rs 20 the quantity demand is 9 units and price is 19 quantity demand is 10 unit. what is the marginal revenue an increase in output from 9 to 10 units? plz solve it
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assume that when price is rs 20 the quantity demand is 9 units and price is 19 quantity demand is 10 unit. what is the marginal revenue an increase in output from 9 to 10 units? plz solve it for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about assume that when price is rs 20 the quantity demand is 9 units and price is 19 quantity demand is 10 unit. what is the marginal revenue an increase in output from 9 to 10 units? plz solve it covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for assume that when price is rs 20 the quantity demand is 9 units and price is 19 quantity demand is 10 unit. what is the marginal revenue an increase in output from 9 to 10 units? plz solve it.
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