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.
Defining Your Family Identity. Defining your family identity is the first step in cultivating a strong family life and solid relationships. A familyâs identity is expressed in your family values, goals, vision, and mission statement. Defining and establishing a strong family identity can help your family live fulfilling happy lives while also helping families better navigate through problems, significant life choices, and obstacles. Families can use the resources below to help them get started.