Price of diamond P |
Quantity of diamonds Q |
Total revenue TR = P × Q |
Marginal revenue MR = ΔTR/ΔQ |
$1,000 | 0 | $0 | |
$950 | |||
950 | 1 | 950 | |
850 | |||
900 | 2 | 1,800 | |
750 | |||
850 | 3 | 2,550 | |
650 | |||
800 | 4 | 3,200 | |
550 | |||
750 | 5 | 3,750 | |
450 | |||
700 | 6 | 4,200 | |
350 | |||
650 | 7 | 4,550 | |
250 | |||
600 | 8 | 4,800 | |
150 | |||
550 | 9 | 4,950 | |
50 | |||
500 | 10 | 5,000 | |
−50 | |||
450 | 11 | 4,950 | |
−150 | |||
400 | 12 | 4,800 | |
−250 | |||
350 | 13 | 4,550 | |
−350 | |||
300 | 14 | 4,200 | |
−450 | |||
250 | 15 | 3,750 | |
−550 | |||
200 | 16 | 3,200 | |
−650 | |||
150 | 17 | 2,550 | |
−750 | |||
100 | 18 | 1,800 | |
−850 | |||
50 | 19 | 950 | |
−950 | |||
0 | 20 | 0 |