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What do you call the point where the demand curve and the supply curve meet and what does that point tell you?
your mum:D:D:D:D:D hahahahaha
When a firm makes a profit by producing enough goods to meet demand without having leftover supply at what point is it?
When a firm makes a profit by producing enough goods to meet demand without having leftover supply the point of profit is where marginal revenue equals marginal cost.
When supply of a product is not enough to meet demand?
scarity
When a firm makes a profit by producing enough goods to meet demand without having leftover supply at what point is this?
The point where marginal revenue equals marginal cost
What place is the place where supply and demand curves intersect?
The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.
What do you call the point where the demand curve and the supply curve meet and what does that point tell you?
your mum:D:D:D:D:D hahahahaha
Which point on the graph represents the equilibrium price?
Supply and demand graphs meet at the equilibrium price.
What is eqiliblum point in the demand and supply?
The point of intersection of Demand and Supply curves is the equilibrium point.
When the demand does not meet supply what is that called?
When the demand for a good or service exceeds the available supply, it is called a shortage. Shortages occur when there is an imbalance between the quantity demanded by consumers and the quantity supplied by producers at a given price. This imbalance can lead to higher prices, long wait times, and potential rationing of the limited supply.
When a firm makes a profit by producing enough good to meet demand without having leftover supply at what point is it?
When a firm makes a profit by producing enough goods to meet demand without having leftover supply the point of profit is where marginal revenue equals marginal cost.
When a firm makes a profit by producing enough goods to meet demand without having leftover supply at what point is it?
When a firm makes a profit by producing enough goods to meet demand without having leftover supply the point of profit is where marginal revenue equals marginal cost.
What is the meaning of to meet demand?
Demand means what is needed or wanted. If you meet that, you produce or supply as much as is needed or wanted.
When supply of a product is not enough to meet demand?
scarity
When a firm makes a profit by producing enough goods to meet demand without having leftover supply at what point is this?
The point where marginal revenue equals marginal cost
What is work efficiency?
The point where the y and x axis meet. You are at your maximum potential of output based on your Supply and Demand curves. See equilibrium .
What place is the place where supply and demand curves intersect?
The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.
What does equilibrium?
Equilibrium is the point where demand = supply
