Economy, asked by ranjanpriyanka0998, 4 months ago

what is meant by firm's equilibrium . explain the condition of short run equilibrium of a firm under parfect compitation is equality of marginal revenue with marginal cost sufficient conditions for equilibrium of the firm​

Answers

Answered by karshni2606
2

Answer:

The firm will be in equilibrium at point E at which marginal cost is equal to price (or marginal revenue) and marginal cost curve is rising. Firm would be producing OM' output but would be making losses, since average revenue (or price) which is equal to ME' is less than average cost which is equal to MF.

Explanation:

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Answered by bhavyapratap311
0

Answer:

The firm will be in equilibrium at point E at which marginal cost is equal to price (or marginal revenue) and marginal cost curve is rising. Firm would be producing OM' output but would be making losses, since average revenue (or price) which is equal to ME' is less than average cost which is equal to MF.

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Explanation:

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