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Any Firm's Average Revenue Is Defined as

Question 36

Multiple Choice

Any firm's average revenue is defined as


A) total revenue divided by the number of units sold.
B) the change in total revenue resulting from the sale of an additional unit of the product.
C) the total amount received by the seller from the sale of a product.
D) the change in price resulting from the sale of an additional unit of the product.
E) price times quantity of the product sold.

Correct Answer:

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