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Given the following total-revenue function: TR=9Q-Q2 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
Given the following total-revenue function: TR=9Q-Q2 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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