Question

Average revenue is the same as the market price of commodity . Comment on the statement​

Answer 1

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Total Revenue

Total RevenueA firm sells 100 units of a particular commodity for Rs. 10 each. If you were to calculate the amount realized by the firm, the answer is simple – Rs. 1,000 (100 x 10). This is the total revenue for the firm.

Total RevenueA firm sells 100 units of a particular commodity for Rs. 10 each. If you were to calculate the amount realized by the firm, the answer is simple – Rs. 1,000 (100 x 10). This is the total revenue for the firm.Hence, the total revenue refers to the amount of money realized by a firm on the sale of a commodity. Total revenue is expressed as follows:

Total RevenueA firm sells 100 units of a particular commodity for Rs. 10 each. If you were to calculate the amount realized by the firm, the answer is simple – Rs. 1,000 (100 x 10). This is the total revenue for the firm.Hence, the total revenue refers to the amount of money realized by a firm on the sale of a commodity. Total revenue is expressed as follows:TR = P x Q … where TR – Total Revenue, P – Price, and Q – Quantity of the commodity sold.

Total RevenueA firm sells 100 units of a particular commodity for Rs. 10 each. If you were to calculate the amount realized by the firm, the answer is simple – Rs. 1,000 (100 x 10). This is the total revenue for the firm.Hence, the total revenue refers to the amount of money realized by a firm on the sale of a commodity. Total revenue is expressed as follows:TR = P x Q … where TR – Total Revenue, P – Price, and Q – Quantity of the commodity sold.Average Revenue

Total RevenueA firm sells 100 units of a particular commodity for Rs. 10 each. If you were to calculate the amount realized by the firm, the answer is simple – Rs. 1,000 (100 x 10). This is the total revenue for the firm.Hence, the total revenue refers to the amount of money realized by a firm on the sale of a commodity. Total revenue is expressed as follows:TR = P x Q … where TR – Total Revenue, P – Price, and Q – Quantity of the commodity sold.Average RevenueAverage revenue is simply the revenue earned per unit of the output. In simpler words, it is the price of one unit of the output. Average revenue is expressed as follows:

Total RevenueA firm sells 100 units of a particular commodity for Rs. 10 each. If you were to calculate the amount realized by the firm, the answer is simple – Rs. 1,000 (100 x 10). This is the total revenue for the firm.Hence, the total revenue refers to the amount of money realized by a firm on the sale of a commodity. Total revenue is expressed as follows:TR = P x Q … where TR – Total Revenue, P – Price, and Q – Quantity of the commodity sold.Average RevenueAverage revenue is simply the revenue earned per unit of the output. In simpler words, it is the price of one unit of the output. Average revenue is expressed as follows:AR=TRW

… where AR – Average Revenue, TR – Total Revenue, and Q – Quantity of the commodity sold.

… where AR – Average Revenue, TR – Total Revenue, and Q – Quantity of the commodity sold.By using the formula for total revenue, we get

… where AR – Average Revenue, TR – Total Revenue, and Q – Quantity of the commodity sold.By using the formula for total revenue, we getAR=P×QQ

… where AR – Average Revenue, TR – Total Revenue, and Q – Quantity of the commodity sold.By using the formula for total revenue, we getAR=P×QQOr AR = P

… where AR – Average Revenue, TR – Total Revenue, and Q – Quantity of the commodity sold.By using the formula for total revenue, we getAR=P×QQOr AR = PFor example, a firm sells 100 units of a commodity and realizes a total revenue of Rs. 1,000. Therefore, its average revenue is

… where AR – Average Revenue, TR – Total Revenue, and Q – Quantity of the commodity sold.By using the formula for total revenue, we getAR=P×QQOr AR = PFor example, a firm sells 100 units of a commodity and realizes a total revenue of Rs. 1,000. Therefore, its average revenue isAR=1000100=Rs.10

… where AR – Average Revenue, TR – Total Revenue, and Q – Quantity of the commodity sold.By using the formula for total revenue, we getAR=P×QQOr AR = PFor example, a firm sells 100 units of a commodity and realizes a total revenue of Rs. 1,000. Therefore, its average revenue isAR=1000100=Rs.10Hence, the firm sells the commodity at a price of R's. 10 per unit.

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Answer 2

Yes ,We know that,

AR = TR/ Q

We also know that,

TR = P×Q

Relating the 2 equation, we can write that

AR = TR/Q = P×Q/Q = P

Hence , firms AR means Price