Total-revenue function - Derive the total-revenue, average

Question # 00581505 Posted By: dr.tony Updated on: 09/01/2017 06:17 AM Due on: 09/01/2017
Subject Economics Topic Microeconomics Tutorials:
Question
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Total revenue, average revenue and graph

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.

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Tutorials for this Question
  1. Tutorial # 00579500 Posted By: dr.tony Posted on: 09/01/2017 06:18 AM
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