Average revenue is obtained when

1.	Average revenue is obtained when
Answer» Answer: Average revenue of a business is obtained by DIVIDING the TOTAL revenue with the total output. The average revenue is similar to the price if a seller sells two units of the same PRODUCT at the same price. However, the average revenue varies if the two products are sold at two DIFFERENT prices. Elastic Demand Formula: Marginal Revenue Formula Inflation Rate Formula: Total Revenue Formula GDP Deflator Formula: Price Elasticity of Demand Formula Consumer Price Index Formula: Real GDP Formula

Answer»

Answer:

Average revenue of a business is obtained by DIVIDING the TOTAL revenue with the total output. The average revenue is similar to the price if a seller sells two units of the same PRODUCT at the same price. However, the average revenue varies if the two products are sold at two DIFFERENT prices.

Elastic Demand Formula: Marginal Revenue Formula

Inflation Rate Formula: Total Revenue Formula

GDP Deflator Formula: Price Elasticity of Demand Formula

Consumer Price Index Formula: Real GDP Formula

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