explain why average revenue always equal to price
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Answer:
mark brainliest
Explanation:
A firm's average revenue is its total revenue earned divided by the total units. A competitive firm's marginal revenue always equals its average revenue and price. This is because the price remains constant over varying levels of output.
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Answer:A firm generally seeks to produce the quantity of output that maximizes profit.For a perfectly competitive firm, average revenue is not only equal to price, but more importantly, it is equal to marginal revenue, all of which are constant.
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