TOTAL-REVENUE FUNCTION 2094

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)