Economy, asked by Himanshur7464, 1 year ago

explain the equilibrium of the firm when there perfect competion in both product and factor market

Answers

Answered by mamta31

demand and supply equilibrium point is wage rate . MFC= wage rate and VMP is less than ARP. so we can see point F where MFC and VMP interact so there are wage rate.

Attachments:

Previous Question

Next Question

Similar questions

Social Sciences, 8 months ago

-) Black long diseases. 45 5 years - Below above 85. – 2yooh Assignment " Why the writing companie are interested in open cot iniringa...

Physics, 8 months ago

in a lever, the fulcrum is at one end at a distance of 20 cm from the load and effort is at the other end at a distance of 60 cm from the load. find the length of the load arm, effort arm, and the mechanical advantage of the Lever ...

Math, 8 months ago

convert decimel fraction 0.64 into percentage ...

Economy, 1 year ago

Name the three dimensions of food security...

Physics, 1 year ago

Draw a diagram showing the filling order of atomic orbitals.write the electronic configuration of chromium using this...

Math, 1 year ago

If 4a^2+9b^2-c^2+12ab=0,then the family of straight lines ax+by+c=0 is concurrent at...

Social Sciences, 1 year ago

mention any three positive result of enclosure on English agriculture...

Science, 1 year ago

Fabric designers and manufacturers are increasingly developing ecofriendly or green fabrics. Comment...