SELECT * FROM question_mgmt as q WHERE id=5563 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=60 AND chapterId=611 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

Compute the total revenue, marginal revenue and average revenue schedules in the following table. Market price of each unit of the good is Rs 10.

Quantity Sold TR MR AR
0
1
2
3
4
5
6		      

Answer:

Quantity Sold TR = PxQ MR = TRn - TRn-1 AR = Price = Rs 10
0 - - -
1 10 x 1 = 10 10 - 0 = 10 10
2 10 x 2 = 20 20 - 10 = 10 10
3 10 x 3 = 30 30 - 20 = 10 10
4 10 x 4 = 40 40 - 30 = 10 10
5 10 x 5 = 50 50 - 40 = 10 10
6 10 x 6 = 60 60 - 50 = 10 10


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