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Author Question: Average revenue (AR) for an individual firm in a perfectly competitive market equals (Read 21 times)

vowens

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Question 1

Total revenue (TR) for an individual firm in a perfectly competitive market equals
◦ (p × q)/q.
◦ △ q/△ p.
◦ △ p × △ q.
p × q.
◦ △ (p × q)/△ q.

Question 2

Average revenue (AR) for an individual firm in a perfectly competitive market equals
◦ △ p × △ q.
◦ △ q/△ p.
◦ (p × q)/q.
◦ (p × q)/△ q.
p × q.


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Marked as best answer by vowens on Oct 12, 2022

Khareemom14

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vowens

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Reply 2 on: Oct 12, 2022
Excellent


LegendaryAnswers

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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