How To Calculate Marginal Revenue?

Find the total revenue function: (TR(q))

Compute marginal revenue as the derivative with respect to quantity: (MR(q)=frac{dTR(q)}{dq})

If revenue is given by a table for discrete quantities, compute marginal revenue for a change from (q_1) to (q_2): (MR=frac{TR(q_2)-TR(q_1)}{q_2-q_1})

For consecutive quantities (q) and (q+1): (MR(q)=TR(q+1)-TR(q))

If price is given as a function of quantity (P(q)), use (TR(q)=P(q)cdot q) and then (MR(q)=frac{d}{dq}[P(q)cdot q])

If only a demand curve is given as (P(q)), apply the same step: set (TR(q)=qcdot P(q)) then differentiate to get (MR(q))

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