Economics · Microeconomics
What is the correct mathematical relationship between Marginal Revenue (MR), Average Revenue (AR/Price), and Price Elasticity of Demand (e)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1MR=AR⋅(1− e1)✓
- 2MR=AR⋅( e1−e )
- 3MR=AR⋅( e−1 e )
- 4MR=AR⋅(e+ e1)
Correct answer
MR=AR⋅(1− e1)
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