Share This Article:

Economic Definition of AR. Defined.

Offline Version: PDF

Term AR Definition: The abbreviation for average revenue, which is the revenue received for selling a good, per unit of output sold, found by dividing total revenue by the quantity of output. Average revenue actually goes by a simpler and more widely used term... price. Average revenue is really a fancy-schmancy term for the price received by a seller for selling a good. However, using the longer term average revenue let's us see the connection with other terms, like total revenue, marginal revenue, and quantity.

 

« appreciation | arbitrage »

Permalink: http://glossary.econguru.com/economic-term/AR

Alphabetical Reference to Over 2,000 Economic Terms