give an example on average income or per capita income.(10th)
Answers
Answered by
3
Answer:
population of 50 people who are earning $500,000 per year, and 1,000 people earning $25,000 per year. We calculate the per capita income as ($500,000 * 50) + (1,000 * $25,000) to arrive at $50,000,000 in total income.
Answered by
1
Explanation:
latest understand with example of one form head sold from 1,000 unit of pain in total revenue of rupees 50,000 according to formula 50,000 ÷ 1,000 = 50 is average revenue. it means revenue per unit of pen. normally , form sells all unit of commodity at same price , than average revenue is equal to price.
Similar questions