Economy, asked by hitenderverma9463, 11 months ago

How can you calculate total and average revenue?

Answers

Answered by satyajit28

Answer:

The first term is average revenue (AR), which refers to the revenue per unit of output sold. It is obtained by dividing the total revenue by the number of units sold. The second term is marginal revenue (MR), which is the additional revenue generated from the sale of an additional unit of output.

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