Question: Derive the total-revenue, average-revenue, and marginal-revenue schedules from Q = 0 to Q = 4 by 1s.

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

3 18 6 4

Given the following total-revenue function TR=9Q-Q to the 2

Derive the total-revenue, average-revenue, and marginal-revenue schedules from Q = 0 to Q = 4 by 1s.