Question
On a graph for a monopolist or monopolistic competitor,
which of the following curves coincide?Solution
The demand and average revenue curves coincide. The MR curve starts at the same point on the vertical axis, but is otherwise below them.
A trader has 1800 kg of wheat. A part of it is sold at 18% profit, and the remaining at 10% profit. If the overall profit earned on the whole quantity i...
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Cost price of a bag is Rs.960. The shopkeeper marked it 70% above the cost price and sold it after giving a discount of 25%. If the shopkeeper had sold ...
