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.

Prepare a schedule showing TR, AR and MR of a firm who can sell any quantity at a given price. Take at least four output levels.

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.

Explain the behaviour of AR and MR of a firm when more sale is possible at a given price. Use diagram.

Given below is the cost schedule of a producet produced by a firm. The market price per unit of the product at all levels of output is Rs 12. using marginal cost and marginal revenue approach. Find out level of equilibrium output. Give reasons for your answer.