………. means the total receipts from sales divided by the number of unit sold.

Related MCQs

• ……….. Measures the differences between the new total revenue and existing total revenue
• Whenever ………..is greater than average total cost, average total cost is rising.
• The effect on sales of an increase in price is a decrease in:
• …………Method is also known as Sales‐ Force –Composite method or collective opinion method
• Fixed cost per unit increases when
• Variable cost per unit
• An input should be so allocated that the value added by the last unit is the same in all cases.
• A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to:
• When the total product curve is falling, the:
• When marginal product reaches its maximum, what can be said of total product?