Economy, asked by sb332391, 5 months ago

what Is the relationship between average revenue and price

Answers

Answered by shreyagurav60

Explanation:

Price also equals average revenue, which is total revenue divided by quantity. Equation 9.1 gives total revenue, TR. To obtain average revenue (AR), we divide total revenue by quantity, Q. Because total revenue equals price (P) times quantity (Q), dividing by quantity leaves us with price.

Previous Question

Next Question

Similar questions

English, 2 months ago

Amutha _ speak hindi ( able to, may, can't )...

Math, 2 months ago

2. Identify monomials , binomials and trinomials. (i) 2a +3b (ii) 9a²b2 (iii) 7x + 6y + 5z...

Science, 2 months ago

4) State whether the statement True or False Mass is a vector quantity - loot ito...

English, 5 months ago

what would be an example of how the fox and the crane fable is applicable in real life?

Biology, 5 months ago