TC TR approach and MC MR approach cbse class 12
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MC MR approach :- is that level of output where its profits are maximized conditions of firms equilibrium:
1:-MR must be equal to MC
2:- MC must be rising after the MC=MR
The conditions implies that the slope of rising Marginal Cost curve is equal to the slope of Marginal Revenue Curve.
1:-MR must be equal to MC
2:- MC must be rising after the MC=MR
The conditions implies that the slope of rising Marginal Cost curve is equal to the slope of Marginal Revenue Curve.
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