CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Trade Receivables Turnover Ratio

Define averag...

Question

Define average revenue.

Open in App

Solution

Average revenue is the per unit revenue corresponding to a given level of output of a firm.
AR= TR/Q
Under perfect comptition, AR is equal to the price prevailing in the market.

Suggest Corrections

thumbs-up

0

Similar questions

Q. What is average revenue?

Q. Distinguish between 'average revenue and average cost'.

ARPU is defined as Average Revenue Per User. For how many companies, ARPU has increased in January 2011 over January 2010?

Q. Define or explain the following concepts:

i. Total Cost

ii. Stock

iii. Output

iv. Elasticity of Supply

v. Marginal Cost

vi. Average Revenue

Average revenue is constant when marginal revenue is zero.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Activity Ratios

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Trade Receivables Turnover Ratio

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon