Draw AR and MR curves in a single diagrame of a firm which can sell more units of a good only by lowering the price of that good. Explain.

Draw in a single diagram the average revenue and marginal revenue curves of a firm which can sell any quantity of the good at a given price. Explain.

Draw in a single diagram the average revenues and marginal revenues of a firm which can sell any quantity of the good at a given price. Explain.

Prepare a schedule showing TR, AR and MR of a firm who can sell more only by lowering the price. Take at least four output levels.

Draw AR and MR curves of a firm under perfect competition and under monopoly.

Draw AR and MR curves when (a) more sale is possible only at a lower price and (b) more sale is possible at a given price.