Question

Define Average Revenue

Answer 1

hiii
ur answer will be


Average revenue is the revenue generated per unit of output sold.

Answer 2

Answer:

Average revenue is a concept that typically applies to a product line or product family.

Average revenue is simply the total revenue for sales of that product divided by the number of units that is the revenue generated per unit of output sold.

In some countries or industries, average revenue is often called average selling (or sales) price (ASP).

(Apple probably looks at the average revenue of all iPhones and at the average revenue of each of the iPhone models (8, 8s, X, etc.) separately).