Output and average revenue of firm are given below.Fill up the missing – InterviewSolution

1.

Output and average revenue of firm are given below.Fill up the missing columns and write the relevant equation of TR and MR :OutputTRARMR150245340434529

Answer»

Output	TR	AR	MR
1	50	50	...
2	90	45	40
3	120	40	30
4	136	34	16
5	145	29	9

TR = AR x quantity

MR = TR_n - TR_n-1

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