Question 13
MediumOriginal questionRead the two statements and choose the correct option.
I. TR is the sum of the MRs of all units sold.
II. AR is TR ÷ quantity.
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Both are true: each MR is a step in TR, and AR is TR per unit.
- Concept
- Revenue relations
- Typical timeTypical
- 70 s
- Your timeYours
- —
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