Find out the average revenue and marginal revenue on the basis of the following data:
Units of Production Total Revenue (Rs.) Average Revenue (Rs.) Marginal Revenue (Rs.)
$1$
$2$
$3$
$4$
$5$
$6$
$7$ $20$
$36$
$48$
$56$
$60$
$60$
$56$ - -

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Solution

Units of Production Total Revenue (Rs.) Average Revenue (Rs.) Marginal Revenue (Rs.)
$1$
$2$
$3$
$4$
$5$
$6$
$7$ $20$
$36$
$48$
$56$
$60$
$60$
$56$ $20$
$18$
$16$
$14$
$12$
$10$
$8$ $20$
$16$
$12$
$8$
$4$
$0$
$- 4$

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Similar questions

Units of Output	Total Revenue (Rs.)	Average Revenue (Rs.)	Marginal Revenue (Rs.)
$1$ $2$ $3$	- - -	$10$ $8$ $6$	- - -

Units Sold	Price (Rs.)	Total Revenue (Rs.)	Marginal Revenue (Rs.)
$5$ $4$ $3$	$6$ $7$ $8$	- - -	- - -

Price (Rs.)	Output (Units)	Total Revenue (Rs.)	Marginal Revenue (Rs.)
$7$ - - $1$	- $2$ $3$ -	$7$ $10$ - -	- - $- 1$ $- 5$

Output (Units)	Price (Rs.)	Total Revenue (Rs.)	Marginal Revenue (Rs.)
- - - -	$10$ $7$ $5$ $3$	- - - -	$10$ $4$ $1$ $- 3$

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Units of Production	Total Revenue (Rs.)	Average Revenue (Rs.)	Marginal Revenue (Rs.)
$1$ $2$ $3$ $4$ $5$ $6$ $7$	$20$ $36$ $48$ $56$ $60$ $60$ $56$	-	-