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1. Given the total-revenue function: TR=9Q - (Q)(Q) (a) Derive the total-, average, and marginal- revenue schedules from Q-0 to Q=4 by 1's. Average revenue (AR) = Total revenue (TR)/Q Marginal revenue (MR) = change in total revenue/change in Q For example: Q TR AR MR 2 14 7 (=14/2) 3 18 6 (=18/3) 4 (=(18-14)/(3-2)
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