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

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

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.

Explain the relation between AR and MR under monopoly. Use diagram.

Explain the relationship among TR , AR and MR with the help of a diagrame.

Explain the changes that will take place in the market when market price of a good is greater than its equilibrium price. Use diagram.