Total revenue, average revenue and graph
Not what you're looking for? Search our solutions OR ask your own Custom question.
Given the following total-revenue function:
TR = 9Q - Q²
(a) Derive the total-revenue, average-revenue, and marginal-revenue schedules
from Q = 0 to Q = 6 by 1s
(b) On the same set of axes, plot the total-revenue, the average-revenue, and the
marginal-revenue schedules of part (a)
(c) With reference to your figure in part (b), explain the relationship among the total, average, and marginal revenue curves.
© BrainMass Inc. brainmass.com December 24, 2021, 6:09 pm ad1c9bdddfhttps://brainmass.com/economics/microeconomics/total-revenue-average-revenue-and-graph-94559
Solution Summary
Excel file contains :
1. Average and marginal revenue curves formulas, schedules
2. Curves in the form of graph
3. Explanations for observed relationships between curves.
$2.49