Economics test everything Flashcards
1
Q
Describe what is meant by average revenue?
A
The amount you get from selling one unit on average
2
Q
state the average revenue per kilo at an output level of 9,000 kilos
A
£15
Describe what is meant by average revenue?
The amount you get from selling one unit on average
state the average revenue per kilo at an output level of 9,000 kilos
£15