The slope of the Total Revenue equals ........

Introductory Microeconomics Theory of firm under perfect Competition

The slope of the Total Revenue equals___________.

Average Revenue

Marginal Revenue

Average cost

Marginal cost

Option (2) is correct.
Explanation: Marginal revenue can be defined as change in total revenue divided by increase in one unit of output.

A TR curve is a straight line coming out of the origin the slope of a TR is equal to MR, it equals the market price and AR in perfect competition.

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