Question
Define Average Revenue. Show that Average Revenue, and Price are same.
$\text{TR}=\text{P}\times\text{Q}$
$\text{AR}=\frac{\text{TR}}{\text{Q}}$ And,
$\text{AR}=\frac{\text{P}\times\text{Q}}{Q}=\text{P}.$
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
| Output (Units) | Total Variavle Cost (TVC) (₹) | Average Variable Cost (AVC) (₹) | Marginal Cost (MC) (₹) |
| 1 | __ | 12 | __ |
| 2 | 20 | __ | __ |
| 3 | __ | 10 | 10 |
| 4 | 40 | __ | __ |