Home » Demand and Supply MCQs » Which is the first-order condition for the profit of a firm to be maximum? Demand and Supply MCQs Which is the first-order condition for the profit of a firm to be maximum? September 27, 2022 17 Views Q. Which is the first-order condition for the profit of a firm to be maximum?AC = MRMC = MRMR = ARAC = ARAnswer: MC = MR
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to