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

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM1 Mark
Question
What are the conditions for the producer's equilibrium?
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Answer

A producer is in a state of equilibrium, when following conditions are satisfied:
(i) MR=MC, (ii) MC is rising, and (iii) AR (price) $\geq$ AVC.

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