Question

Total Revenue + Number of units Sold = ___________. (Average Cost / Average Revenue / Marginal Cost / Total Cost), Fill in the blank with appropriate alternative given in the bracket.

Answer 1

$\large{\mathfrak{Answer -}}$

Average cost is the correct answer.

Total Revenue + Number of units Sold = $\textbf{\underline{Average Cost}}$

Answer 2

The given question should be reframed correctly and answered as given:

Total Revenue ÷ Number of units Sold = Average Revenue.

[There's no relation that can be derived by adding the number of units and total revenue is an error in the question itself]

*Average revenue refers to the revenue earned per unit on selling.

* Total revenue is the amount earned by a business firm on selling all the products.

* There's another term associated with it which is marginal revenue which refers to a change in revenue earned on account of an additional unit of product.