If the price per unit is N2, what is the average revenue when 6 men are employed?
N220
N120
110
N330
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The question is just weird. Firstly, 660 wasn't stated as total revenue; the row it belongs in is tagged "Total product(unit)" and the 6 men weren't tagged as "quantity" it states 6 men were employed and not 6 men were produced.Please what happened to the ₦2
, isn't TR = price * quantity? Nevertheless, the formula for AR is correct but the values are not.
to start the answer is beautifully wrong
so when 6 people were employed,660 units was produced and it is 2naira per unit
NOTE:AR=TR/Q
Where:TR is the total revenue
Q is the quantity produced I.e units of goods produced
therefore to get the total revenue (profit, total amount) earned,it will be
660 units produced × 2naira=1320
hence average revenue(AR)=1320/660
=2
in conclusion the answer is not in the option given
thank you
