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Total, average, and marginal Revenue for a Competitive firm Quantity Price Total Revenue Average Revenue Marginal Revenue (Q)(P) (TREPXQ (ARETR/Q) (MR△TR/△Q s60060 600 s600 $1200 s600 s600 2345678 6 $1800 s600 s600 s600 924.00 s600 s600 S600 s30.00 S600 S600 s600 s3600 s600 s600 s6054200 s600 s600 s600 48 s600Total, Average, and Marginal Revenue for a Competitive Firm Quantity (Q) Price (P) Total Revenue (TR=PxQ) Average Revenue (AR=TR/Q) Marginal Revenue (MR= ) 1 $6.00 $6.00 $6.00 2 $6.00 $12.00 $6.00 $6.00 3 $6.00 $18.00 $6.00 $6.00 4 $6.00 $24.00 $6.00 $6.00 5 $6.00 $30.00 $6.00 $6.00 6 $6.00 $36.00 $6.00 $6.00 7 $6.00 $42.00 $6.00 $6.00 8 $6.00 $48.00 $6.00 $6.00 DT R/ DQ
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