What are the two conditions for equilibrium of a firm by MC = MR metho

1.	What are the two conditions for equilibrium of a firm by MC = MR method?
Answer» Following are the two conditions for equilibrium of a firm by MC = MR method: The first and foremost condition of a firm’s equilibrium is that its MC should be equal to MR. MC Curve should intersect MR Curve from below, i.e., MC should be rising at the point of equilibrium.

What are the two conditions for equilibrium of a firm by MC = MR method?

Answer»

Following are the two conditions for equilibrium of a firm by MC = MR method:

The first and foremost condition of a firm’s equilibrium is that its MC should be equal to MR.
MC Curve should intersect MR Curve from below, i.e., MC should be rising at the point of equilibrium.