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Finding Discounts

From the tabl...

Question

From the table given below, calculate total revenue, average revenue, and marginal revenue.
Units Sold Price (Rs.) Total Revenue (Rs.) Marginal Revenue (Rs.)
$5$
$4$
$3$ $6$
$7$
$8$ -
-
- -
-
-

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Solution

Rewrite the table as follows.
Units Sold Price (Rs.) Total Revenue (Rs.) Marginal Revenue (Rs.)
$3$
$4$
$5$ $8$
$7$
$6$ $24$
$28$
$30$ -
$4$
$2$

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Q. 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.)
$1$ $2$ $3$ $4$ $5$ $6$ $7$	$20$ $36$ $48$ $56$ $60$ $60$ $56$	-	-

Q. Complete the following table:

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

Q. Complete the following table:

Output (Units)	Price (Rs.)	Marginal Revenue (Rs.)	Total Revenue (Rs.)
$1$ $2$ $3$ $4$	- - $22$ -	$30$ - - $6$	- $52$ - -

Q. Complete the following table:

Output (Units)	Average Revenue (Rs.)	Marginal Revenue (Rs.)	Total Revenue (Rs.)
$1$ $2$ $3$ $4$	- - $11$ -	$15$ - - $3$	- $26$ - -

Q. Complete the following table:

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

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