Economy, asked by studentsstudy432, 1 month ago

Explain the relationship between Average Revenue and Total Revenue with example.

Answers

Answered by stugreeshma12016

Answer:

Average revenue is the revenue per unit of the commodity sold. It is obtained by dividing the total revenue by the number of units sold. Mathematically AR = TR/Q; where AR = Average revenue, TR = Total revenue and Q = Quantity sold. In our example, average revenue is = 500/100 = $5.24-Mar-2020

Explanation:

Hope it helps

Answered by Hansika121

Mark the above answer as brainliest :)

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