………….. is the change in total revenue irrespective of changes in price or due to the effect of managerial decision on revenue

Related MCQs

• When the demand changes due to changes in other factors, like taste and preferences, income, price of related goods etc... , it is called
• ……….. Measures the differences between the new total revenue and existing total revenue
• The change in demand due to change in price only, where other factors remaining constant, it is called……….
• The change in demand due to change in price only, where other factors remaining constant, it is called……….
• So long as Average Revenue is falling, Marginal Revenue will be …………. Average Revenue
• In case of …….. quantity demanded changes less than proportionate to changes in price
• Total Revenue will be maximum at the point where Marginal Revenue is
• Marginal revenue is ………….at the quantity that generate maximum total revenue and negative beyond that point.
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• ……………forecasting is more important from managerial view point as it helps the management in decision making with regard to the firms demand and production.