Tag: equilibrium of a firm
Questions Related to equilibrium of a firm
A produce strikes his equilibrium when the difference between $TR$ and $TC$ is maximised.
The producer strikes his equilibrium only when $MP$ is diminishing.
In finding equilibrium position of a profit maximising firm, which technique is most convenient ___________.
A circumstance in which it might pay a monopolist to cut the price of his product is where _________.
The entrepreneur coordinates all the other three factors (land, labour and capital) of production.
Gross Profit = Total Revenue - Total cost.
$TR > TC$ is a situation of ________.
$M p = f (y)$ is denoted for ____________________.
What are the kinds/types of Profits?
According to American economist Frank.H.Knight. To him, profit is the reward for uncertainty bearing.