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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
Question
Show that AR = Price.
✓

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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