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Saturday, May 6, 2017

3.Shapes of Marginal curves.

Marginal Data determines Total Data .In fact Marginal is the slope of Total.We can define marginal as the net change in total if we move one step ahead or backward.
Marginal curve may be rising ,falling ,constant and may be falling below x axis.
Marginal utility curve always diminishes or falls even reach below x axis.
Marginal product curve first rises then falls and even becomes negative.
Marginal cost curve first falls and then rises.
Marginal revenue in perfect competition is constant.
Marginal revenue in non competitive market is always falling and even reach below x axis.

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