Question

please explain P=MC ​

Answer 1

Answer:

aspect of MARKET PERFORMANCE that denotes the optimum allocation of scarce resources between end users in order to produce that combination of goods and services that best accords with the pattern of consumer demand. This is achieved when all market prices and profit levels are consistent with the real resource costs of supplying products. Specifically, consumer welfare is optimized when for each product the price is equal to the lowest real resource cost of supplying that product, including a NORMAL PROFIT reward to suppliers. Fig. 7 (a) depicts a normal profit

Answer 2

Answer:

• If p=MC

1. then it's actual will also be recurring or reciprocal means mc=p

• Now,what are their values?

For the following,correct answers refer to the attachment:-