In the words of McConnell, âAverage revenue is the per unit revenue received from the sale of a commodity.â. AR is calculated as: AR = TR/Q. Therefore, from the aforementioned equation, it can be said that AR is the rate at which output is sold, where rate refers to the price of the product.
Confidence votes 196. Family life is the life within your household; how you live with your [sibling(s)] and parent(s)/guardian(s). It consists of the activities you participate in together, and the general way your life is carried out in your home, and with family members.
A life estate is a co-interest in property, which allows the party owning the life estate, known as the life tenant, to use and enjoy the property for his or her lifetime. The interest of the life tenant terminates immediately upon his or her death, and ownership transfers to the âremaindermanâ named in the deed or will.