Standard Deviation about Mean for Continuous Frequency Distributions
Which of the ...
Question
Which of the following equations is correct?
A
AR=P×QQ
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B
AR=P+Q
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C
AR=P−Q
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D
AR=P÷Q
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Solution
The correct option is BAR=P×QQ Average Revenue is calculated by dividing total revenue by the number of output produced and total revenue is the product of the price and the number of output produced. AR=P×QQ