Marginal Revenue = Marginal Cost; mark-up price to the demand curve.
The monopolist pricing condition occurs where marginal cost equals marginal revenue. The monopolist does not follow usual demand or supply curves. It instead optimises its total profit by setting its production decision (aka - how many units) to where the marginal profit of the last unit equals 0, then 'marking-up' the price by setting it directly above this equilibrium on the original demand curve. The total profit derived from this condition is called the monopolist profit.
shift to the left.
Leakages = Injections
Total amounts of products and reactants are not changing.-- Apex
The demand curve faced by a pure monopolist is of downward sloping in shape.
The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.
In First condition of equilibrium the sum of all forces is zero.
Consider two equal and opposite forces acting along different lines of the body, which causes the body to rotate, although first condition is fulfilled but body is still moving. Thus, we need another condition for equilibrium that is the second condition of equilibrium.
The equilibrium condition requires the sum of the forces on the body to be zero.
The monopolist pricing condition occurs where marginal cost equals marginal revenue. The monopolist does not follow usual demand or supply curves. It instead optimises its total profit by setting its production decision (aka - how many units) to where the marginal profit of the last unit equals 0, then 'marking-up' the price by setting it directly above this equilibrium on the original demand curve. The total profit derived from this condition is called the monopolist profit.
Vertigo
The internal equilibrium is a balance condition between internal forces and the commulative integrated stresses.
Equilibrium Condition.
"Inebriation" "Intoxication"
first condition for equilibrium is that the a body is satisfy with first condition if the resultant of all the forces acting on it is zero let n numbers of the forces F1, F2,F3,.........., Fn are acting on a body such that sigmaF=0 a book lying on a table or picture hanging on the wall are at rest and thus satisfy with first condition of equilibrium a paratrooper coming with terminal velocity also satisfies first condition of equilibrium
the type of equilibrium that occurs when an allele frequencies do not change is dynamic equilibrium :)
equilibrium QUEENSCENE: yes, equilibrium because the concentration of molecules will be the same throughout the space the molecules occupy.