Economy, asked by devanshsoni1212, 4 months ago

(12) What is the meaning of average reveanue?

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Answered by sandhyanullari

Answer:

Average revenue is referred to as the revenue that is earned per unit of output. It can also be said that it is the revenue that is obtained by the seller on selling each unit of the commodity. Average revenue of a business is obtained by dividing the total revenue with the total output.

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