Question: Why MR=P for the first unit only? What does it mean, when total revenue does not change while quantity changes? What does positive value of

  1. Why MR=P for the first unit only?
  2. What does it mean, when total revenue does not change while quantity changes?
  3. What does positive value of the coefficient represent in the regression analysis?
  4. How can one measure the values which deviate from their mean?

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