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.
You are not afraid to show off and you turn heads every time you step out on the town! Life is about fancy clothes, far-off exotic places, and bright lights. Your philosophy in life is everything is an adventure and you better look great doing it! You have lots of friends and enjoy many different types of hobbies.