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.
âWhat is a life estate?â Usually, it has to do with real property, or when the time period in which you own something is measured by a life. So, therefore, itâs for an indefinite period of time. We usually encounter life estates when youâre dealing with real property, particularly with a homestead.