Economics GCSE
Average revenue
What Average revenue means in Economics GCSE, as defined for AQA.
Definitions of Average revenue
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Reference: AQA
The revenue generated per unit sold, calculated by dividing total revenue by the quantity sold.
The revenue received per unit sold, calculated by dividing total revenue by the quantity sold.
Topics that use Average revenue
Related terms
- Average cost
- Cost minimisation
- Ethical and moral interests
- Financial performance
- Fixed costs
- Incentives and risk
- Market share
- Profit
Using Average revenue in the exam
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