Economics · Microeconomics
What is the necessary first-order condition for a firm to maximize profit or reach equilibrium?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Average Revenue (AR) = Average Cost (AC)
- 2Marginal Revenue (MR) < Marginal Cost (MC)
- 3Marginal Revenue (MR) > Marginal Cost (MC)
- 4Marginal Revenue (MR) = Marginal Cost (MC)✓
Correct answer
Marginal Revenue (MR) = Marginal Cost (MC)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Microeconomics MCQs →Want more practice questions on Microeconomics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Microeconomics