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.
Definition of Family: Family is a primary social group, a small community, in any society, typically consisting of a man and a woman, or any two individuals who wish to share their lives together in a long-term committed relationship with one another, raising offspring and usually resides in the same dwelling.efinition of Family: Family is a primary social group, a small community, in any society, typically consisting of a man and a woman, or any two individuals who wish to share their lives together in a long-term committed relationship with one another, raising offspring and usually resides in the same dwelling.