Economy, asked by huzafasiddique7, 9 months ago

what are two conditions necessary for attaining equilibrium for a firm

Answers

Answered by Anonymous

Answer:

A firm is said to be in equilibrium when its marginal cost is equal to marginal revenue and marginal cost curve cuts the marginal revenue curve from below. A firm in equilibrium enjoys supernormal profits if average revenue exceeds marginal cost.

Answered by omandlik12

Answer:

firm is said to be in equilibrium when its marginal cost is equal to marginal revenue and marginal cost curve cuts the marginal revenue curve from below. A firm in equilibrium enjoys supernormal profits if average revenue exceeds marginal cost.

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