What is. Average Revenue? Explair with example
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Average revenue is referred to as the revenue that is earned per unit of output. It can also be said that it is the revenue that is obtained by the seller on selling each unit of the commodity. Average revenue of a business is obtained by dividing the total revenue with the total output.
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Average revenue is referred to as the revenue that is earned per unit of output.Average revenue is revenue per product. For example, if your firm's total revenue is $200, and you are selling 100 products, then your average revenue is $200 divided by 100, or $2.
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