Prove that area under AR (and MR) curve is equal to total revenue is case of perfect competition.

Prove that area under AR (and MR) curve is equal to total revenue is c

1.	Prove that area under AR (and MR) curve is equal to total revenue is case of perfect competition.
Answer» <html><body><p></p>Solution :In case of perfect competition AR is constant, therefore AR =MR. AR curve is horizontal straight line which represents the value of different <a href="https://interviewquestions.tuteehub.com/tag/levels-1072811" style="font-weight:bold;" target="_blank" title="Click to know more about LEVELS">LEVELS</a> of output at uniform price. <br/> In the diagram, price (<a href="https://interviewquestions.tuteehub.com/tag/equal-446400" style="font-weight:bold;" target="_blank" title="Click to know more about EQUAL">EQUAL</a> to OP) is constant and given output is OQ. <br/> <a href="https://interviewquestions.tuteehub.com/tag/tr-661737" style="font-weight:bold;" target="_blank" title="Click to know more about TR">TR</a> =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> Q =OP x OQ =<a href="https://interviewquestions.tuteehub.com/tag/area-13372" style="font-weight:bold;" target="_blank" title="Click to know more about AREA">AREA</a> of OQEP<br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/MIC_ECO_XI_U03_C07_E01_054_S01.png" width="80%"/></body></html>