Question

Fill in the blank with appropriate alternative given below

Total Revenue ÷ Number of units Sold = ________________ . 

विकल्प

• Average Cost

• Average Revenue

• Marginal Cost

• Total Cost

Answer 1

Total Revenue ÷ Number of units Sold =  Average Revenue.

Explanation:

Average revenue is the revenue earned per unit of output sold. It is equal to total revenue divided by total number of units sold. Algebraically,

`"Total Revenue"/"Number of Units Sold" = "Average Revenue"`