Derive the total-revenue and marginal-revenue schedule


Derive the total-revenue, average-revenue, and marginal-revenue schedules from Q = 0 to Q = 4 by 1s. Average revenue (AR) = total revenue (TR) / Q
Marginal revenue (MR) = change in total revenue / change in Q
For example Q TR AR MR
2 14 7
3 18 6 4

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Microeconomics: Derive the total-revenue and marginal-revenue schedule
Reference No:- TGS057588

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