An AC circuit with RMS voltage $V$ and RMS current $I$ consumes an average power $P$. Which of the following expressions is analogous to DC power ($P = I^2R$)?
The text states: 'In terms of I, the average power, denoted by P is $P = I_m^2 R/2 = I^2 R$'. It also mentions, 'In terms of rms values, the equation for power [Eq. (7.7)] and relation between current and voltage in ac circuits are essentially the same as those for the dc case.' This supports $P=I^2R$ as the equivalent expression.