Question

Calculate equilibrium level of output of a firm in terms of Marginal
Revenue-Marginal Cost from the following information. Give reason
for your answer:
Output:-1,2,3,4,5
Average Revenue:-12,11,10,9,8
Average Cost:-4,5,6,7,9
​

Answer 1

Answer:

Marginal Cost from the following information. Give reason

for your Marginal Cost from the following information. Give Marginal Cost from the following information. Give reason

for your answer:

Output:-1,2,3,4,5

Average Revenue:-12,11,10,9,8

Average Cost:-4,5,6,7,9

for your answer:

Output:-1,2,3,4,5

Average Revenue:-12,11,10,9,8

Average Cost:-4,5,6,7,9

:

Output:-1,2,3,4,5

Average Revenue:-12,11,10,9,8

Average Cost:-4,5,6,7,9