Question
What is meant by producer's equilibrium? What are its main conditions?
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| Output (Units) | 1 | 2 | 3 |
| MC (₹) | 20 | 16 | 12 |
|
First Judge
|
3
|
5
|
8
|
4
|
7
|
10
|
2
|
1
|
6
|
9
|
|
Second Judge
|
6
|
4
|
9
|
8
|
1
|
2
|
3
|
10
|
5
|
7
|
| Items | Weight | Prices | |
| 2000 | 2010 | ||
| Wheat | 15 | 10 | 15 |
| Rice | 10 | 8 | 16 |
| Pulses | 5 | 5 | 10 |
| Milk | 4 | 2 | 4 |
| Oil | 6 | 4 | 6 |
| Sugar | 7 | 3 | 6 |
| Salt | 3 | 1 | 2 |
|
Marks
|
More than 0
|
More than 10
|
More than 20
|
More than 30
|
More than 40
|
More than 50
|
|
Number of Students
|
50
|
42
|
38
|
28
|
16
|
3
|