Average revenue is conceptually equivalent to the
A)unit price of the product.
B)average cost of the product.
C)marginal cost of the product.
D)total revenue of the product.

Name: Average revenue is conceptually equivalent to the A)unit price of the product. B)average cost of the product. C)marginal cost of the product. D)total revenue of the product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Average revenue is the revenue earned per unit of output sold, which is conceptually equivalent to the unit price of the product.

Average Revenue Is Conceptually Equivalent to the