Average revenue
What Average revenue means in Economics A-Level, as defined for AQA.
Definitions of Average revenue
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Reference: AQA
The price a firm receives per unit sold at various output levels, calculated as total revenue divided by quantity.
The revenue per unit sold, found by dividing total revenue by quantity, which always equals the price.
Equal to price for a price taker, so that price equals both average revenue and marginal revenue.
The revenue generated per unit sold, found by dividing total revenue by quantity.
The revenue per unit sold, identical to the firm's demand curve.
Topics that use Average revenue
- Marginal, average and total revenue (AQA A-Level)
- Perfect competition (AQA A-Level)
Related terms
- Marginal revenue
- Allocative efficiency
- Barriers to entry
- Dynamic adjustment
- Dynamic efficiency
- Economic efficiency
- Externalities
- Graphical analysis
Using Average revenue in the exam
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