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Quantity Price Total Revenue Average revenue Marginal revenue Q = (P - 8) / (-0.04) P TR = P x Q AR = TR /

Quantity Price Total Revenue Average revenue Marginal revenue
Q = (P - 8) / (-0.04) P TR = P x Q AR = TR / Q MR = TR / Q
150 million $2 $300 million $2 million $2 million
100 million $4 $400 million $4 million - $2 million
50 million $6 $300 million $6 million $2 million
0 $8 0

Based on this table above, show the average revenue and marginal revenue curve in a graph, and why does the Mr curve lie below the Ar curve

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