Page 1 - Home Assignment- Revenue
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HOME ASSIGNMENT
CLASS-XI
Microeconomics
Chapter-7-Revenue
Question (Very short answer type questions-1 mark) Marks
No
1. Average revenue curve of perfectly competitive market 1
form is a----------------------.
2. Price falls in rise in output.TR is ----------- when MR is 1
zero.
(Zero / maximum) choose the correct answer.
3. State whether the following statement is true or false. 1
‘MR can never be negative.”
4. What is the relation between market price and AR of a 1
price taking firm ?
5. If TR curve is horizontal straight line parallel to X-axis, 1
then MR curve will be :
a) Coincide with X-axis
b) Slopes upward
c) Slopes downward
d) Not predicted
6. Define marginal revenue. 1
7. AR curve always remains above the MR curve , Defend 1
or refute
(Short answer type questions-3/4 marks)
8. What changes will takes place in MR ,when (i) TR 3
increases at increasing rate , (ii) TR increases at
decreasing rate (iii) TR increases at constant rate
9. Explain the relation between MR and TR when price 3
remains same .
10. In falling price case explain the relationship between 4
