Define average Revenues. Show that Average Revenue and price are same.

1.	Define average Revenues. Show that Average Revenue and price are same.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/average-13416" style="font-weight:bold;" target="_blank" title="Click to know more about AVERAGE">AVERAGE</a> Revenue is the revenue obtained per unit of the commodity.<br/>Average Revenue(AR) = Total Revenue(<a href="https://interviewquestions.tuteehub.com/tag/tr-661737" style="font-weight:bold;" target="_blank" title="Click to know more about TR">TR</a>) / Quantity(Q).<br/> Total Revenue = Price(P) <a href="https://interviewquestions.tuteehub.com/tag/x-746616" style="font-weight:bold;" target="_blank" title="Click to know more about X">X</a> Quantity(Q).<br/>AR = (P x Q) / Q = P</body></html>

Discussion