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Define marginal revenue

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Reference no: EM132682017

Question - Define marginal revenue. Assume that a firm sells 100 products for 50,000 Rs. If firm undertakes promotional campaign that boosts sales to 120 products a week. The total revenues increased from 50,000 to 70,000 Rs. By selling additional units, what will be the marginal revenue?

Reference no: EM132682017

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