{"id":45391,"date":"2024-04-15T21:57:21","date_gmt":"2024-04-15T21:57:21","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=45391"},"modified":"2024-04-15T21:57:21","modified_gmt":"2024-04-15T21:57:21","slug":"consider-the-following-statements-1-tr-starts-declining-when-mr-is-negative-2-mr-can-be-zero-or-even-negative-3-tr-stops-increasing-when-mr-0-which-of-the-statements-given-above-is-are-corr","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-tr-starts-declining-when-mr-is-negative-2-mr-can-be-zero-or-even-negative-3-tr-stops-increasing-when-mr-0-which-of-the-statements-given-above-is-are-corr\/","title":{"rendered":"Consider the following statements. 1. TR starts declining when MR is negative. 2. MR can be zero or even negative. 3. TR stops increasing when MR = 0. Which of the statement(s) given above is\/are correct?"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9790e824c4c\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Both 1 and 3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    Both 1 and 2                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Only 1                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    None of the above                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>Both 1 and 2<\/strong>.<\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>Total revenue (TR) is the total amount of money that a company receives from selling its goods or services. Marginal revenue (MR) is the additional revenue that a company receives from selling one more unit of its goods or services.<\/p>\n<p>When MR is negative, it means that the company is losing money by selling one more unit of its goods or services. This is because the cost of producing the additional unit is greater than the revenue that the company receives from selling it.<\/p>\n<p>When MR is zero, it means that the company is neither making nor losing money by selling one more unit of its goods or services. This is because the cost of producing the additional unit is equal to the revenue that the company receives from selling it.<\/p>\n<p>When MR is <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> positive, it means that the company is making money by selling one more unit of its goods or services. This is because the revenue that the company receives from selling the additional unit is greater than the cost of producing it.<\/p>\n<p>Therefore, TR starts declining when MR is negative. This is because when MR is negative, the company is losing money by selling one more unit of its goods or services. As a result, the total amount of money that the company receives from selling its goods or services will start to decline.<\/p>\n<p>MR can be zero or even negative. This is because the cost of producing a good or service can sometimes be greater than the revenue that the company receives from selling it. In this <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> case, the company will lose money by selling the good or service.<\/p>\n<p>TR stops increasing when MR = 0. This is because when MR is zero, the company is neither making nor losing money by selling one more unit of its goods or services. As a result, the total amount of money that the company receives from selling its goods or services will not increase any further.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements. 1. TR starts declining when MR is negative. 2. MR can be zero or even negative. 3. TR stops increasing when MR = 0. 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