What is the full form of "MR"?
A. Marginal Revenue
B. Market Rate
C. Material Requirement
D. Manufacturing Resource
Answer: Option A
Solution(By Examveda Team)
Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit of output. While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will eventually slow down as the output level increases.This Question Belongs to Abbreviations >> Business Abbreviations
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