JAMB - Economics (2006 - No. 43)
If the price per unit is N2, what is the average revenue when 6 men are employed?
N220
N120
110
N330
คำอธิบาย
Average revenue (AR), is revenue per unit and is found by dividing TR by the quantity sold, Q.
Hence we have: \(\frac{660}{6}\) = 110