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Average revenue is equal to price? …

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Average revenue is equal to price? Explain

Posted by Kesar Kansal 6 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Atul Dharnia 6 years, 11 months ago

Ar=total revenue/quantity,(Total Revenue=Price*Qt.) then, Ar=Price*Qt./Qt.,,,,then Qt cancel with Qt Ar=Price Hence proved

Pragati Aggarwal 6 years, 11 months ago

AR=PRICE=MR only occurs in perfect competition market. And for your kind information, it is not a concept of producer equilibrium. Acc. to the law of demand, price is the rate at which we purchase some product. In the same way, AR is the rate at which TR changes acc. to quantity i.e. AR= TR/Q. Thus AR is the firms demand curve which indicates the price.

Zeel Patel 6 years, 11 months ago

Yeas in producer equilibrium concept AR =PRICE=MR

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