Compute the total revenue, marginal revenue and average revenue schedules in the following table. Market price of each unit of the good is Rs 10.
Quantity Sold | TR | MR | AR |
0 | |||
1 | |||
2 | |||
3 | |||
4 | |||
5 | |||
6 |
Quantity Sold | Price | TR | MR | AR |
0 | 10 | 0 | 0 | 0 |
1 | 10 | 10 | 10 | 10 |
2 | 10 | 20 | 10 | 10 |
3 | 10 | 30 | 10 | 10 |
4 | 10 | 40 | 10 | 10 |
5 | 10 | 50 | 10 | 10 |
6 | 10 | 60 | 10 | 10 |