Introduction to Economics 1 Deneme Sınavı Sorusu #1266797

Average revenue is calculated with the formula:


Average Revenue (AR)=Price (P) x Quantity (Q).

Average Revenue (AR) = Total Revenue (TR) / Quantity (Q).

Average Revenue(AR)= ΔTotal Revenue (ΔTR) / ΔQuantity (ΔQ).

Average Revenue (AR) = Marginal Revenue (MR) - Marginal Cost (MC).

Average Revenue (AR)= Total Revenue (TR) / Price (P).


Yanıt Açıklaması:

Average revenue which tells us how much revenue a firm gets for each unit sold, is calculated with the formula : Average Revenue (AR) = Total Revenue (TR) / Quantity (Q).

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