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12th Class Economics Sample Paper Economics - Sample Paper-9

  • question_answer
    When 5 units of a goods are sold. Total Revenue is Rs.100. When 6 units are sold, Marginal Revenue is Rs.8. At what price are 6 units sold?

    A) Rs. 2 8 per unit              

    B) Rs.20 per unit

    C)             Rs. 18 per unit   

    D)               Rs.12 per unit

    Correct Answer: C

    Solution :

    Rs.18 per unit Hint: Total Revenue at 6 units =Rs.108 (100+8) \[\therefore \Pr ice\,or\,Average\,\operatorname{Re}venue=\frac{Total\,\operatorname{Re}venue}{Quan\operatorname{int}y}=\frac{108}{6}=Rs.\,\,18\]


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