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If a company's total revenue is $5,000 and it sells 100 units of output, what is the average revenue per unit?
  • a)
    $5
  • b)
    $500
  • c)
    $50
  • d)
    $5,000
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
If a companys total revenue is $5,000 and it sells 100 units of output...
 The average revenue per unit is calculated by dividing the total revenue by the quantity of output. In this case, $5,000 divided by 100 units gives an average revenue per unit of $50.
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