Marginal analysis also optimizing behavior in general

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Reference no: EM1321745

Q. Given the subsequent total-revenue function:
TR=9Q-Q(2)

A) Derive the total, average also marginal revenue schedules from Q=0 to Q=6 by 1's

B) On the same set of axes, plot the total, average also marginal-revenue schedules of part (a)

C) After that draw on the same set of axes the marginal-revenue curve derived in part 1 also the marginal-cost curve derived in problem 7 also use them to Elucidate why the best level of output of the firm is 3 units.

D) Elucidate why your answer to part (a) is an example of marginal analysis also optimizing behavior in general.

Reference no: EM1321745

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