Hey Maya, good to see you again. Step 1: Understand the formulas for Total Revenue (TR), Average Revenue (AR), and Marginal Revenue (MR). • Total Revenue (TR) = Price (P) $\times$ Quantity Sold (Q) • Average Revenue (AR) = Total Revenue (TR) / Quantity Sold (Q) • Marginal Revenue (MR) = Change in Total Revenue ($\Delta$TR) / Change in Quantity Sold ($\Delta$Q) Step 2: Calculate TR, AR, and MR for each quantity. For Q = 0: $$ \text{TR} = 50 \times 0 = 0 $$ $$ \text{AR} = \text{undefined (or -)} $$ $$ \text{MR} = \text{not applicable (or -)} $$ For Q = 1: $$ \text{TR} = 50 \times 1 = 50 $$ $$ \text{AR} = \frac{50}{1} = 50 $$ $$ \text{MR} = \frac{50 - 0}{1 - 0} = 50 $$ For Q = 2: $$ \text{TR} = 50 \times 2 = 100 $$ $$ \text{AR} = \frac{100}{2} = 50 $$ $$ \text{MR} = \frac{100 - 50}{2 - 1} = 50 $$ For Q = 3: $$ \text{TR} = 50 \times 3 = 150 $$ $$ \text{AR} = \frac{150}{3} = 50 $$ $$ \text{MR} = \frac{150 - 100}{3 - 2} = 50 $$ For Q = 4: $$ \text{TR} = 50 \times 4 = 200 $$ $$ \text{AR} = \frac{200}{4} = 50 $$ $$ \text{MR} = \frac{200 - 150}{4 - 3} = 50 $$ Step 3: Complete the table with the calculated values. | Price (P) | Quantity Sold (Q) | TR | AR | MR | | :-------- | :---------------- | :--- | :--- | :--- | | 50 | 0 | 0 | - | - | | 50 | 1 | 50 | 50 | 50 | | 50 | 2 | 100 | 50 | 50 | | 50 | 3 | 150 | 50 | 50 | | 50 | 4 | 200 | 50 | 50 | The completed table is: $$ \boxed{ \begin{array}{|c|c|c|c|c|} \hline \text{Price (P)} & \text{Quantity Sold (Q)} & \text{TR} & \text{AR} & \text{MR} \\ \hline 50 & 0 & 0 & - & - \\ 50 & 1 & 50 & 50 & 50 \\ 50 & 2 & 100 & 50 & 50 \\ 50 & 3 & 150 & 50 & 50 \\ 50 & 4 & 200 & 50 & 50 \\ \hline \end{array} } $$ Send me the next one 📸