Average revenue is calculated by:
A) dividing total revenue by the number of units sold.
B) summing all fixed costs and dividing by unit price times total number of units sold.
C) dividing the total number sold by the average unit profit.
D) dividing fixed costs by the unit selling price minus the unit variable cost.
E) multiplying variable costs per unit by the total number of units produced.
Correct Answer:
Verified
Q113: Break-even analysis:
A) is especially useful in firms
Q114: The key assumptions underlying break-even analysis are:
A)
Q115: Marginal revenue is the:
A) revenue earned once
Q116: _ is the income derived from the
Q117: _ is the unit price at a
Q119: The optimum volume of output is the
Q120: Marginal analysis as a basis for price
Q121: Marginal analysis as a basis for price
Q122: All of the garages and tire retailers
Q123: Under market conditions of perfect competition,:
A) buyers
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