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Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Parent (intermediate) annotation

Open it
Quantity (Q) Price (P) Total Revenue (TR) Average Revenue (AR) Marginal Revenue (MR) 0 100 0 — — 1 99 99 99 99 2 98 196 98 97 3 97 291 97 95 4 96 384 96 93 5 95 475 95 91 6 94 564 94 89 7 93 651 93 87 8 92 736 92 85 9 91 819 91 83 10 90 900 90 81 Describe how total revenue, average revenue, and marginal revenue change as quantity sold increases from 0 to 10 units. Solution: Total revenue increases with a greater quantity, but the rate of increase in TR (as measured by marginal revenue) declines as quantity increases. Average rev

Original toplevel document

3. ANALYSIS OF REVENUE, COSTS, AND PROFITS
the price and AR lines. TR peaks when MR equals zero at point Q 1 . Exhibit 6. Total Revenue, Average Revenue, and Marginal Revenue under Imperfect Competition EXAMPLE 2 <span>Calculation and Interpretation of Total, Average, and Marginal Revenue under Imperfect Competition Given quantity and price data in the first two columns of Exhibit 7, total revenue, average revenue, and marginal revenue can be calculated for a firm that operates under imperfect competition. Exhibit 7 Quantity (Q) Price (P) Total Revenue (TR) Average Revenue (AR) Marginal Revenue (MR) 0 100 0 — — 1 99 99 99 99 2 98 196 98 97 3 97 291 97 95 4 96 384 96 93 5 95 475 95 91 6 94 564 94 89 7 93 651 93 87 8 92 736 92 85 9 91 819 91 83 10 90 900 90 81 Describe how total revenue, average revenue, and marginal revenue change as quantity sold increases from 0 to 10 units. Solution: Total revenue increases with a greater quantity, but the rate of increase in TR (as measured by marginal revenue) declines as quantity increases. Average revenue and marginal revenue decrease when output increases, with MR falling faster than price and AR. Average revenue is equal to price at each quantity level. Exhibit 8 shows the relationships among the revenue variables presented in Exhibit 7. Exhibit 8. Total Revenue, Average Revenue, and Marginal Revenue for Exhibit 7 Data 3.1.2

Summary

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81

Quantity (Q)	Price (P)	Total Revenue (TR)	Average Revenue (AR)	Marginal Revenue (MR)
0	100	0	—	—
1	99	99	99	99
2	98	196	98	97
3	97	291	97	95
4	96	384	96	93
5	95	475	95	91
6	94	564	94	89
7	93	651	93	87
8	92	736	92	85
9	91	819	91	83
10	90	900	90	81