English, asked by sonujaiswalsj2001, 2 months ago

A firms's equilibrium output is produced at a
point

Answers

Answered by AbhiThakur07

Explanation:

Hence, 'MR' Marginal Revenue curve and 'MC' Marginal Cost Curve intersect each other at point E, which is known as Equilibrium point. OQ units of output are produced in a firm, thus OQ is the Equilibrium Output.

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A firms's equilibrium output is produced at apoint​

Answers

A firms's equilibrium output is produced at a
point