A table related to a particular market is given below:QuantityTotal Re – InterviewSolution

1.

A table related to a particular market is given below:QuantityTotal RevenueAverage RevenueMarginal Revenue1182323424485506487421. Find AR & MR2. Identify the market related to the table. 3. Establish the relationship between TR, AR & MR

Answer»

1

Quantity	Total Revenue	Average Revenue	Marginal Revenue
1	18	18	18
2	32	16	14
3	42	14	10
4	48	12	6
5	50	10	2
6	48	8	-2
7	42	7	-6

2. Monopoly.

3. relationship between TR, AR & MR

TR rises and then falls
AR is always falling but lies above MR
MR falls and becomes negative

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