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If a company's marginal revenue is positive, it means:
  • a)
    Total revenue is decreasing
  • b)
    Total revenue is increasing at a decreasing rate
  • c)
    Total revenue is increasing at a constant rate
  • d)
    Total revenue is increasing at an increasing rate
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If a companys marginal revenue is positive, it means:a)Total revenue i...
If a company's marginal revenue is positive, it means that the total revenue is increasing at an increasing rate. This indicates that selling one additional unit of output is generating more revenue than the previous unit sold. Positive marginal revenue is a favorable situation for the firm.
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If a companys marginal revenue is positive, it means:a)Total revenue is decreasingb)Total revenue is increasing at a decreasing ratec)Total revenue is increasing at a constant rated)Total revenue is increasing at an increasing rateCorrect answer is option 'D'. Can you explain this answer?
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