Distinguish between the Average Revenue and Average Cost – InterviewSolution

1.	Distinguish between the Average Revenue and Average Cost
Answer» For example, if a firm makes 100 T-shirts and sells each one for $10, its average revenue is $10 because each unit of OUTPUT resulted in $10 of revenue. Average revenue can be calculated by dividing TOTAL revenue by the quantity of units sold. Average revenue is also equal to the price level. I HOPE this will HELP you

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