Why does marginal revenue decrease when total revenue increases? I understand how to calculate marginal revenue and

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Why does marginal revenue decrease when total revenue increases? I understand how to calculate marginal revenue and total revenue and I've looked at images of the two curves but I don't understand the reason behind what's happening

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Economics for Managers

ISBN: 978-0132773706

3rd edition

Authors: Paul G. Farnham

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Posted Date: Apr 02, 2019 10:22 AM

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Why does marginal revenue decrease when total revenue increases? I understand how to calculate marginal revenue and

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For understanding the concepts let us understand first of what marginal revenue refers to and what total revenue means Post this the reason why margin... View the full answer

Economics for Managers

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