Question

Explain revenue, total revenue, marginal revenue and average revenue with the help of examples.

Answer 1

Answer:

‼️⬇️⬇️‼️

it is mathematically known as the total revenue for marginal at an average with the help of self sufficient....❤️...❤️

Answer 2

$\Large{\underline{\underline{\bf{Answer:-}}}}$

As an example, if a firm sells 50 products, and the total revenue is 1000, the average revenue will be 20(1000/50). Hence, we can say that average revenue is the profit of a firm per unit product. AR=TR/Q or AR=P*Q/Q=P, [where AR is average revenue, TR is total revenue, P is price and Q refers to Quantity.]