# Fill in the Blank with Appropriate Alternative Given Below Total Revenue ÷ Number of Units Sold = ________________ . - Economics

MCQ

Fill in the blank with appropriate alternative given below

Total Revenue ÷ Number of units Sold = ________________ .

#### Options

• Average Cost

• Average Revenue

• Marginal Cost

• Total Cost

#### Solution

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"

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#### APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 5 Producer's Behaviour
Exercise | Q 1.5 | Page 44