Ans.
Quantity ( Q ) | Total Revenue ( TR ) | Marginal Revenue ( MR ) |
1 | 200 | 200 |
2 | 500 | 300 |
3 | 900 | 400 |
4 | 1200 | 300 |
5 | 1400 | 200 |
6 | 1500 | 100 |
7 | 1400 | -100 |
8 | 1300 | -100 |
Working Note:
Marginal Revenue ( MR ) = Change in Total Revenue (TR)/Change in Quantity ( Q)
When Q = 7, The marginal revenue (MR) is ( - $100 ).
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