Economy, asked by hussju123, 4 months ago

define AR in economics

Answers

Answered by Braɪnlyємρєяσя

Explanation:

Average Revenue (AR) = price per unit = total revenue / output. The AR curve is the same as the demand curve. Marginal Revenue (MR) = the change in revenue from selling one extra unit of output. Total Revenue (TR) = Price per unit x quantity.

Answered by Kshitu73

Average Revenue (AR) = price per unit = total revenue / output. The AR curve is the same as the demand curve. Marginal Revenue (MR) = the change in revenue from selling one extra unit of output. Total Revenue (TR) = Price per unit x quantity..

Hope it helps..... ❣️

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