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प्रश्न
Define or explain the following concept:
Average Revenue
Define Average Revenue.
व्याख्या
स्पष्ट करा
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उत्तर
Average revenue is the revenue earned per unit of output sold. It is equal to the total revenue divided by the total number of units sold. Algebraically:
AR = `"Total Revenue"/"Total Quantity of output Sold"`
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