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in Economics by (69.1k points)

From the following table, calculate marginal revenue and average revenue. 

Output: 1 2 3 4 5
Total revenue: 10 18 24 28 30

1 Answer

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Best answer
Output Total revenue Marginal revenue Average  revenue
1 10 10 10
2 18 8 9
3 24 6 8
4 28 4 7
5 30 2 6

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