Average-revenue and marginal-revenue


Given the following total-revenue function:

TR = 9Q - Q2

(1) Derive the total-revenue, average-revenue, and marginal-revenue schedules from Q = 0 to Q = 6 by 1s

(2) On the same set of axes, plot the total-revenue, the average-revenue, and the marginal-revenue schedules of part (a)

(3) With reference to your figure in part (b), explain the relationship among the total, average, and marginal revenue curves.

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Microeconomics: Average-revenue and marginal-revenue
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