a
Normal profit of the seller
b
Average revenue of the seller
c
Marginal cost of the commodity
d
Marginal revenue of the seller
Explanation
Correct Option
bNo explanation available
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Discussions (3)
NOTABENE2021
4 years ago
The average revenue is similar to the price if a seller sells two units of the same product at the same price. However, the average revenue varies if the two products are sold at two different prices. Average revenue helps in estimating the profit of a business, as the profit is calculated by subtracting the average revenue from the average cost.
adesina506
9 years ago
The question is wrongly composed:
it should be average revenue and not average cost
