![Economics 101: Average Revenue](https://i0.wp.com/sterlingterrell.net/wp-content/uploads/2016/12/1-39.jpg?fit=637%2C422&ssl=1)
[This is part of the series: The Complete Guide To Economics 101.]
What is average revenue?
Average Revenue is the total revenue divided by the quantity sold.
This is nothing but a simple average.
All the revenue of everything over the number of everything sold.
If you are only selling one product, the average revenue is nothing but the price.