CA Foundation Exam > CA Foundation Questions > Average Revenue Curve is also known as ______...
Start Learning for Free
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?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
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.
Free Test
FREE
| Start Free Test |
Community Answer
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.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
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?
Question Description
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup