A Monopoly's Total, Average and Marginal revenue Average Quantity Price Total Revenue Revenue Marginal Revenue (Q) (TR=PXQ)(AR=TR/Q)(MR=ATR/AQ $1100 0.00 $1000 $10.00 $1000$10.00 012345678 900 $1800 900 800 s800 $2400 800 6.00 700 2800 $7.00 4.00 600 $3000 600 200 $500 30.00 $500 s000 4.00 $2800 4.00 $200 $300 2400 $300 400Quantity (Q) Price (P) Total Revenue (TR=PxQ) Average Revenue (AR=TR/Q) Marginal Revenue (MR= ) 0 $11.00 $0.00 1 $10.00 $10.00 $10.00 $10.00 2 $9.00 $18.00 $9.00 $8.00 3 $8.00 $24.00 $8.00 $6.00 4 $7.00 $28.00 $7.00 $4.00 5 $6.00 $30.00 $6.00 $2.00 6 $5.00 $30.00 $5.00 $0.00 7 $4.00 $28.00 $4.00 -$2.00 8 $3.00 $24.00 $3.00 -$4.00 DTR / DQ A Monopoly’s Total, Average, and Marginal Revenue