Question

Average revenue is equal to the ____
per unit of output
Select one:
o a. incremental income
O b. marginal
revenue
O c. price
0 d. cost​

Answer 1

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c) Price

Answer 2

The correct answer is option (c.) Price

Explanation:

• Average revenue is equal to the Price per unit of output
• Average revenue refers to the amount of money earned per individual unit or user.
• The average revenue is the total revenue amount divided by the quantity.
• In other words, 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.