identify the Total (TR), Average (AR) and Marginal (MR) Revenues.
revenue equal to all of the money received for the sale of goods or services.
It equals the quantity sold multiplied by the price.
revenue is the average amount received per item sold. If all output is sold
at the same price then the average revenue must equal the price.
Marginal revenue is the amount received from selling an extra unit of
output, i.e., how much has the total revenue changed by.
diagrams below show the revenue curves where the demand curve is downward
diagrams on the below show the revenue curves where the demand curve is