Tags
#cfa-level-1 #economics #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4
Question
For any firm that sells at a uniform price, [...] will equal price.
average revenue

Tags
#cfa-level-1 #economics #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4
Question
For any firm that sells at a uniform price, [...] will equal price.
?

Tags
#cfa-level-1 #economics #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4
Question
For any firm that sells at a uniform price, [...] will equal price.
average revenue
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3. ANALYSIS OF REVENUE, COSTS, AND PROFITS
, which is equal to the price. Average revenue (AR) is quantity sold divided into total revenue. The mathematical outcome of this calculation is simply the price that the firm receives in the market for selling a given quantity. <span>For any firm that sells at a uniform price, average revenue will equal price. For example, AR at 3 units is 100 (calculated as 300 ÷ 3 units); at 8 units it is also 100 (calculated as 800 ÷ 8 units). Marginal revenue (MR) is the change in total reve

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