Economics B A-Level
Average revenue
What Average revenue means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Average revenue
Check what you remember
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Reference: Pearson Edexcel
Total revenue divided by quantity, which is also the price of the product.
Topics that use Average revenue
- Business objectives and pricing decisions (Pearson Edexcel A-Level)
Related terms
- Average cost
- Contribution per unit
- Marginal cost
- Marginal revenue
- Profit
- Profit per unit
- Profit-maximising level of output
Using Average revenue in the exam
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