English, asked by nokwazifakude, 3 months ago

do you have a life orientation grade 12 textbook​

Answers

Answered by op6382194
3

noop sorry

Answer:

Its MR curve is equal to Price since exogenous price is fixed at $20 and its Price=Average Revenue=Marginal Revenue.

Firm at price p=$20 producing 1000 quantity and it is shown on X axis and price P on Y axis and SMC(Short Run Marginal Curve) and SAC(Short Run Average Cost) curve.

in perfect competition below to conditions must satisfy for the equilibrium

1 MC=MR=Price

MC: Marginal Cost

MR= Marginal Revenue

P= Price

2 MC curve should cut MR from below at the point of equilibrium and should be rising.

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