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Average Revenue Is

Question 3

Multiple Choice
Average revenue is
A) the price at which a product is sold multiplied by the cost of producing the product.
B) the price at which a product is sold divided by the number of units of the product sold.
C) total revenue divided by the number of units of the product sold.
D) the number of units of the product sold divided by the price at which the product is sold.
E) total revenue divided by the average price.

Average revenue is


A) the price at which a product is sold multiplied by the cost of producing the product.
B) the price at which a product is sold divided by the number of units of the product sold.
C) total revenue divided by the number of units of the product sold.
D) the number of units of the product sold divided by the price at which the product is sold.
E) total revenue divided by the average price.

Correct Answer:

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