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English
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| Number of pages / Number of words: |
2 / 324 |
Essay's paper body
In order to maximizing profit, the firm will produce output at he point that marginal cost equal to marginal revenue.
When the price is P1, the equilibrium point is a, the output level is q1, where MC=MR.
When the price is P2, the equilibrium point is b, the output level is q2, where MC=MR.
When the price is P3, the equilibrium point is c, the output level is q3, where MC=MR...
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In order to maximizing profit, the firm will produce output at he point that marginal cost equal to marginal revenue.
When the price is P1, the equilibrium point is a, the output level is q1, where MC=MR.
When the price is P2, the equilibrium point is b, the output level is q2, where MC=MR.
When the price is P3, the equilibrium point is c, the output level is q3, where MC=MR...
Essay fragment
General points of the essay
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