State any two conditions of producers equilibrium according to marginal revenue and marginal cost approach.

State any two conditions of producers equilibrium according to marginal revenue and marginal cost approach.

Production Behaviour and Supply Economics Class 12 CBSE Value Based Questions

Binoy Jacob
Jul 20, 2020
1 Answers

Answers

Mrs Priya

Jul 30, 2020

1. MR = MC
2. Rising portion of Marginal cost curve intersects marginal revenue curve.

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