Why should equilibrium between marginal cost and marginal revenue be a

Question

Why should equilibrium between marginal cost and marginal revenue be a necessary condition for equilibrium of a firm?

08 Oct 2024

Answer :

Word Count : 272

In microeconomics, the equilibrium condition for a firm occurs when marginal cost (MC) equals marginal revenue (MR). This condition is essential because it determines the optimal level of output for profit maximization.

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