Question

Difference of average revenue and average total cost

Q: Answer-Difference of average revenue and average total cost equals

Average Revenue AR is the revenue per unit sold essentially the price. Average Total Cost ATC is the cost per unit. Therefore, AR - ATC represents the profit or loss per unit of output. This is the economic profit per unit.

equals

A total economic profit.

B total accounting profit.

C a normal profit.

D economic profit per unit of output.

Practice Next

More ESI Previous Year Papers Questions

Where are the 2025 World Boxing Championships being held, with India fielding a 20-member squad?
Who won the Masters title at the Chennai Grand Masters Chess Tournament on November 11, 2024?
What is the power generation capacity of India’s upcoming Prototype Fast Breeder Reactor (PFBR)?
Recently which of the following insittution had celebrated its 102^nd Foundation day?
Where is the headquarters of the Asian Development Bank (ADB) located?
What was the key objective behind the Integrated Aquapark being set up in Kailashahar, Tripura?
Which of following portal has been developed to digitally monitor and track the restoration and repatriation of children according to the protocol?
Which state topped the medal tally at the Khelo India Water Sports Festival 2025 in Srinagar?
In India’s new Seismic Zonation Map (BIS 2025), how many zones now exist?
Under the proposed ITSAR security requirements, which controversial provision has raised concerns?

Difference of average revenue and average total cost

Solution