Economy, asked by luvkumar289, 10 months ago

What do you mean by equilibrium of a firm?

Answers

Answered by DrPatelJi
1

Explanation:

A firm is said to be in equilibrium when it has no incentive either to expand or to contract its output. A firm would not like to change its level of output only when it is earning maximum money profits. Hence, making a maximum profit or incurring a minimum loss is an important condition of a firm's equilibrium.

Answered by Anonymous
0

Answer:

due to natural calamity the total production of foodgrains decreases by due to shortage of water crisis cause a battery prices

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