Question 6
Use the table below to answer Questions 6.
Given an output of 3 units, the average revenue is
| Output in units | Total revenue in ₦ | Average revenue in ₦ | Marginal revenue in ₦ |
| 1 | 20 | 20 | |
| 2 | 38 | 19 | 18 |
| 3 | 54 | 16 | |
| 4 | 68 | ||
| 5 | 80 | 16 |
Given an output of 3 units, the average revenue is
Objective