CA Foundation Exam > CA Foundation Questions > Average Revenue Curve is also known as ______...
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Average Revenue Curve is also known as _________.
- a)Profit Curve
- b)Demand Curve.
- c)Supply Curve
- d)Average Cost Curve
Correct answer is option 'B'. Can you explain this answer?
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Average Revenue Curve is also known as _________.a)Profit Curveb)Deman...
Average Revenue Curve as Demand Curve
Definition: Average revenue is the revenue earned per unit of output sold. It is calculated by dividing the total revenue by the total quantity sold.
Average Revenue Curve: The average revenue curve is a graphical representation of the relationship between the price of a good or service and the revenue earned per unit sold. It is a downward-sloping curve that reflects the law of demand, which states that as the price of a good or service increases, the quantity demanded decreases.
Relation with Demand Curve: The average revenue curve is also known as the demand curve because it shows the quantity of a good or service that consumers are willing and able to buy at different prices. It is the same as the demand curve because the price that consumers are willing to pay for a good or service is the same as the revenue that producers earn from selling that good or service.
Uses: The average revenue curve is an important tool for businesses to use in determining the optimal price to charge for their goods or services. By analyzing the relationship between price and quantity demanded, businesses can determine the price that will maximize their revenue and profitability.
Definition: Average revenue is the revenue earned per unit of output sold. It is calculated by dividing the total revenue by the total quantity sold.
Average Revenue Curve: The average revenue curve is a graphical representation of the relationship between the price of a good or service and the revenue earned per unit sold. It is a downward-sloping curve that reflects the law of demand, which states that as the price of a good or service increases, the quantity demanded decreases.
Relation with Demand Curve: The average revenue curve is also known as the demand curve because it shows the quantity of a good or service that consumers are willing and able to buy at different prices. It is the same as the demand curve because the price that consumers are willing to pay for a good or service is the same as the revenue that producers earn from selling that good or service.
Uses: The average revenue curve is an important tool for businesses to use in determining the optimal price to charge for their goods or services. By analyzing the relationship between price and quantity demanded, businesses can determine the price that will maximize their revenue and profitability.
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Average Revenue Curve is also known as _________.a)Profit Curveb)Deman...
The demand curve shows the relationship between the price=AR and the quantity demanded of a good in the market. The average revenue curve is basically the price of a good. So, the average revenue curve is also called the demand curve. demand for the commodity.
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Average Revenue Curve is also known as _________.a)Profit Curveb)Demand Curve.c)Supply Curved)Average Cost CurveCorrect answer is option 'B'. Can you explain this answer?
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