Cpt doubt

intermediate(ipc)course (no) (1460 Points)

10 June 2012  

what are the conditions for the long run equilibrium of the competitive firm ?

a). LMC = LAC = P

b). SMC = SAC = LMC

c). P=MR

d). all of these.

the mr curve cuts the horizontal line between y axis and demand curve into

a). two unequal parts

b). two equal parts

c). may be equal or unequal parts

d). none of these.