Symbolically, average revenue can be written as ________.

A R = \frac{T C}{Q}

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A R = \frac{Q}{T R}

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A R = \frac{T R}{Q}

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A R = \frac{T F C}{Q}

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Solution

The correct option is A $A R = \frac{T R}{Q}$
Average revenue(AR) is per unit price of a product or it refers to the price quoted for a given level of output which is sold in the market.
Average Revenue = total revenue/total quantity
= price x quantity / quantity
= Price.

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