In a firm, AR = MR = ₹ 5 at each level of output. What does it tell about : (i) Nature of Demand Curve, (ii) Rate of increase

(i) The demand curve will be perfectly elastic. (ii) As MR remains constant at ₹ 5, TR will also increase at a constant rate of ₹ 5. (iii) TR will be a positively sloped straight line.

In a firm, AR = MR = ₹ 5 at each level of output. What does it tell about : (i) Nature of Demand Curve, (ii) Rate of increase in TR, and (iii) Shape o

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