micro doubt

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micro doubt

Akshay Jain
for which of the following goods MR>AR??
1..normal goods
2..inferior goods
3..neccesity
4...none of these
Akshay Jain
Masters in Economics
Delhi School of Economics
2013-15
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Re: micro doubt

Vasudha
TR=q*p(q). Find an expression for MR in terms of elasticity of demand and divide it by AR (that is P).