At a certain level of output , the marginal cost ofa firm is above its marginal revenue. Can this be its equilibrium output ?

At a certain level of output , the marginal cost ofa firm is above its

1.	At a certain level of output , the marginal cost ofa firm is above its marginal revenue. Can this be its equilibrium output ?
Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :No, it cannot be its <a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a> output becasuse the <a href="https://interviewquestions.tuteehub.com/tag/marginalcost-1087477" style="font-weight:bold;" target="_blank" title="Click to know more about MARGINALCOST">MARGINALCOST</a> <a href="https://interviewquestions.tuteehub.com/tag/exceeds-978356" style="font-weight:bold;" target="_blank" title="Click to know more about EXCEEDS">EXCEEDS</a> themarginal revenue. The firm is runningat a <a href="https://interviewquestions.tuteehub.com/tag/loss-1079380" style="font-weight:bold;" target="_blank" title="Click to know more about LOSS">LOSS</a>.</body></html>