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.
Subscribe to our Question of the Week: Question: Are family devotions important?. Answer: Family devotions are vital for moving our spiritual lives beyond the church walls and into an active, thriving faith. But what does it mean to have family devotions? Family devotions are a set time when husband and wife, or dad, mom and the kids, sit down, read the Bible, and pray together. It is a time designed to build up each individual and establish a sense of unity and direction within families.