Where on a firm diagram would a firm be at a profit maximising equilibrium?
A profit maximising equilibria is one in which the firm maximises overall profit over all other potential outcomes. The point at which the firm is maximising profit is where marginal revenue intersects marginal cost.
(The white board function isn't working, but I'd also add a lablled diagram, showing the equilibria here)
HC
Related Economics A Level answers
All answers ▸why is the profit maximising output where marginal cost (MC)= marginal revenue (MR)?
Evaluate the likely effects of fluctuations in sugar prices on a sweet company.
Discuss the view that the measures taken to reduce the size of the budget deficit will inevitably result in a rise in unemployment in the UK.
In an economy consumption=50, investment=60, government spending=160, imports=60 and exports=40. What is the aggregate demand of the economy