The sufficient condition for a firm to be in equilibrium ...
The sufficient condition for a firm to be in equilibrium is that the
Firm must show that it is profitable
Marginal cost must be equal to average revenue
Marginal revenue curve is above the average revenue curve
Marginal cost curve cuts the marginal revenue curve from below
Correct answer is D
A firm is said to be in equilibrium when it satifies the following conditions:
- the first conditon for the equilibrium of the firm is that its profit should be maximum
- Marginal cost should be equal to marginal revenue
- Marginal cost must cut Marginal revenue from below
When a firm is enjoying internal economies of scale, its? ...
One reason why small scale businesses are very common in West Africa is that ...
The largest employment sector in a typical West African country is ...
Comparative cost doctrine of international trade means specialization in production ...
The system whereby goods are exchanged for goods is known as ...
Rents and interest are rewards to ...
The demand and supply function of a commodity are given as below. Qd = 20 - 2p Qs = 6p - 12 ...