average revenue
The average revenue is the total revenue divided by the quantity produced. For example, at a quantity of 120, the total revenue is $240. Therefore, the average revenue at this quantity is $240 divided by 120, or $2.ote that if the price is constant, then the average revenue and marginal revenues equal the price. Below is a table of a hypothetical firm, which has a choice of selling quantities ranging from 0 to 130. The product's price is constant at $2. Therefore, average and marginal revenue are $2, as well.