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What is an average revenue? - Economics

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Question

What is an average revenue?

One Line Answer
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Solution

Average revenue is the amount of revenue earned per unit of the product (output) sold.

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Chapter 8: Cost and Revenue Analysis - TEST YOURSELF QUESTIONS [Page 161]

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Frank Economics [English] Class 12 ISC
Chapter 8 Cost and Revenue Analysis
TEST YOURSELF QUESTIONS | Q 45. | Page 161
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