Revenue Vs Average Revenue
Revenue Vs Average Revenue
Tuesday, January 14, 2020
REVENUE
The money payment which is received to a producer or the manufacturer through the sale of goods during a particular period of time In short, “Revenue is the sale price received by the producer.”
Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amounts sold.
AVERAGE REVENUE
Average revenue are received through the sales of unit of commodity sold in the market, for the computation of the average revenue, the following formula can be used;
The money payment which is received to a producer or the manufacturer through the sale of goods during a particular period of time In short, “Revenue is the sale price received by the producer.”
Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amounts sold.
Most Important Question With Answer In Economics
AVERAGE REVENUE
Average revenue are received through the sales of unit of commodity sold in the market, for the computation of the average revenue, the following formula can be used;
Average revenue = Total revenue / Number of Units Sales