English, asked by sonujaiswalsj2001, 1 month ago

A firms's equilibrium output is produced at a
point​

Answers

Answered by AbhiThakur07
1

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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