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MICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM3 Marks
Question
Find producer's equilibrium from the following table given below:
Output (Units)Total Revenue (₹)Marginal Cost (₹)
1915
2188
3279
43610
54511
✓

Answer

Producer is in equilibrium when 3 units of output are produced, as it is here that MR = MC, and MC is rising

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