CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 9 CONCEPT OF REVENUE2 Marks
Question
Show that AR = Price.
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Answer
We know that, $ A R=\frac{T R}{Q} $ We also know that, $ TR=P \times Q \text { (where } P=\text { Price, } Q=Q \text {uantity or output sold }) $ Relating the two equations, we can write that: $ A R=\frac{P \times Q}{Q}=P $ Thus, it is proved that $A R=$ Price.
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