Question

Distinguish between Average and Marginal revenue.​

Answer 1

Explanation:

Average Revenue(AR) is defined as therevenue per unit of the commodity. It is calculated by dividing Total Revenueby the number of old to the customers.Marginal Revenue(MR) is the addition to total revenue earned by selling n units of product instead of (n-1) units.

Answer 2

Answer:

Average Revenue(AR) is defined as the revenue per unit of the commodity. It is calculated by dividing Total Revenue by the number of old to the customers. Marginal Revenue(MR) is the addition to total revenue earned by selling n units of product instead of (n-1) units.