Step 1: Understanding the Concept:
When lenses are in contact, their powers are additive: $P_{eq} = P_1 + P_2$. Power is defined as the reciprocal of the focal length ($P = 1/f$).
Step 2: Detailed Explanation:
$$P_{eq} = \frac{1}{f_1} + \frac{1}{f_2}$$
Taking the Least Common Multiple (LCM) of the denominators:
$$P_{eq} = \frac{f_2 + f_1}{f_1 \times f_2} = \frac{f_1 + f_2}{f_1 \times f_2}$$
Step 3: Final Answer:
The equivalent power is $\frac{f_1 + f_2}{f_1 \times f_2}$.