Output (units)(Q) | Total Revenue (TR)(Rs.) | Marginal Revenue (MR)(Rs.) | Average Revenue (AR)(Rs.) |
1 | - | - | 8 |
2 | - | 4 | - |
3 | 12 | - | - |
4 | 8 | - | 2 |
Output (Units) | Total Cost (Rs.) |
1 | 23 |
2 | 27 |
3 | 30 |
Answer:
Formulae Used Total Revenue (TR) = Average Revenue (AR)\[\times \]Output (0) Marginal Revenue (MR) = \[T{{R}_{n}}-T{{R}_{n-1}}\] Average Revenue (AR) =\[\frac{Total\,\operatorname{Re}venue\,(TR)}{Output(Q)}\] Or
Output(units)(Q)
Total Revenue (TR)(Rs.)
Marginal Revenue (MR)(Rs.)
Average Revenue (AR)(Rs.)
1
8
8
8
2
12
4
6
3
12
0
4
4
8
-4
2
Formulae Used Total Variable Cost (TVC) \[=Total\,\,Cost\,\,(TC)-Total\,\,Fixed\,\,Cost\,\,(TFC)\] Total Fixed Cost (TFC) \[=Average\,\,Fixed\,\,Cost\times Output,\,\,i.e.\,\,9\times 2\] Average Variable Cost (AVC) = \[\frac{Total\,\,Variable\,\,Cost\,\,(TVC)}{Output\,\,(Q)}\] Marginal Cost =\[TV{{C}_{n}}-TV{{C}_{n-1}}\]
Output(units)
TC (Rs.)
TFC(Rs.)
TVC (Rs.)
AVC (Rs.)
MC(Rs)
1
23
18
5
5
5
2
27
18
9
4.5
4
3
30
18
12
4
3
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