Question

difference between ac and ar curve

Answer 1

Average revenue curve is often called the demand curve due to its representation of the product's demand in the market. The average revenue is also the curve which represents the price of a product. Average revenue is nothing but Total Revenue divided by Quantity and total Revenue is nothing but Price multiplied by quantity of output. Usually price of a product is represented on the y-axis and Quantity on the X-axis.

Answer 2

Average Revenue

Average revenue is the revenue per unit of the commodity sold. It is obtained by dividing the total revenue by the number of units sold. Mathematically AR = TR/Q; where AR = Average revenue, TR = Total revenue and Q = Quantity sold. In our example, average revenue is = 500/100 = $5. Thus, average revenue means price.

Alternating Current (AC) In alternating current the electric charges flow changes its direction periodically.