Production and cost — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Show that AR = Price.
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Answer
We know, $\text{AR}=\frac{\text{TR}}{\text{Q}}$ or $\frac{\text{P}\times\text{Q}}{\text{Q}}$ [as TR = P × Q] So, $\text{AR}=\frac{\text{P}\times\text{Q}}{\text{Q}}$ or AR = P
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