If a firm sells 400 units of a commodity at ₹ 10 unit. Calculate the TR and AR.
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If a firm sells 400 units of a commodity at ₹ 10 unit. Calculate the TR and AR.
If a firm sells 400 units of a commodity at ₹ 10 unit. Calculate the TR and AR.
TR = Price x Quantity
= 10 x 400
= 4,000
AR = \(\frac{TR}{TQ}\)
= \(\frac{4,000}{400}\)
= ₹ 10