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MICROECONOMICS CH : 9 CONCEPT OF REVENUE — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 9 CONCEPT OF REVENUE1 Mark
Question
Define average revenue.
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Answer

Average revenue is the per unit revenue corresponding to a given level of output of a firm (AR = P).

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