If the total revenue is equal to $5,000 and the quantity sold is equal to 250, the average revenue is equal to__________

Answer 1

Average revenue (AR) is calculated by dividing the total revenue (TR) by the quantity sold (Q).

In this case, the total revenue is $5,000 and the quantity sold is 250.

\[ AR = \frac{TR}{Q} = \frac{5000}{250} = 20 \]

Therefore, the average revenue is equal to $20.