Fill in the Blank. "For a Firm to Be in Equilibrium, Marginal Revenue (Mr) and Marginal Cost (Mc) Must Be and Beyond that Level of Output Marginal Cost Must Be __." - Economics

Fill in the Blanks

Fill in the blank.
"For a firm to be in equilibrium, Marginal Revenue (MR) and Marginal Cost (MC) must be __________ and beyond that level of output Marginal Cost must be ____________."

Advertisement Remove all ads

Solution

"For a firm to be in equilibrium, Marginal Revenue (MR) and Marginal Cost (MC) must be equal and beyond that level of output Marginal Cost must be rising".

Concept: Concept of Producer's Equilibrium

Is there an error in this question or solution?

2018-2019 (March) 58/2/1

Q 3.2 Q 3.1 Q 4

Advertisement Remove all ads

APPEARS IN

2018-2019 (March) 58/2/1 (with solutions)

Q 3.2 | 1 mark

Advertisement Remove all ads

Video TutorialsVIEW ALL [1]

view
Video Tutorials For All Subjects
Concept of Producer's Equilibrium

video tutorial00:25:05

Advertisement Remove all ads

Notifications

View all notifications

My Profile

My Profile [view full profile]

why create a profile on Shaalaa.com?
1. Inform you about time table of exam.
2. Inform you about new question papers.
3. New video tutorials information.

View in app×

Fill in the Blank. "For a Firm to Be in Equilibrium, Marginal Revenue (Mr) and Marginal Cost (Mc) Must Be __________ and Beyond that Level of Output Marginal Cost Must Be ____________." - Economics

SolutionShow Solution

APPEARS IN

Video TutorialsVIEW ALL [1]

Select a course

My Profile

Fill in the Blank. "For a Firm to Be in Equilibrium, Marginal Revenue (Mr) and Marginal Cost (Mc) Must Be and Beyond that Level of Output Marginal Cost Must Be __." - Economics

Solution