When AR of a firm is above its AC then (A) (B) (C) (D) 20. The firm will earn supernormal profits The firm will achieve break even point The firm will earn normal profits None of These
Dear student
The answer is 'A' supernormal profit
now I will try to explain it in the easier way.
what is AC -it is the avarage cost for producing one unit.
what is AR- it is reve...