Question

Difference between average revenue and marginal revenue

Answer 1

Answer:

Average revenue is defined as the revenue per unit of the commodity.

Marginal revenue is the additiona total is revenue earned by selling and units of the instead of units .

Explanation:

total revenue by the no of old to customer

Answer 2

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Average revenue is the revenue per unit of the commodity sold.Thus, average revenue means price. Marginal Revenue. Marginal revenue is the addition to total revenue by selling one more unit of the commodity.