Multiple Choice Questions on Under the condition of profit maximisation MR must be equal to ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Under the condition of profit maximisation MR must be equal to ........

Economics (CUET) Theory of firm under perfect Competition
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    Under the condition of profit maximisation, MR must be equal to ____________________

     

    AR
     

    Incorrect Answer

    MC
     

    Correct Answer

    AC

     

    Incorrect Answer

    TC
     

    Incorrect Answer
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    Explanation:

    Option (2) is correct.
    Explanation: According to this approach, the producer is at equilibrium, when the Marginal Revenue (MR) is equal to the Marginal Cost (MC) and marginal cost curve cuts the
    marginal revenue curve from below.

     

    By: Parvesh Mehta
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