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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
When output is beyond the point of equilibrium, profits are maximised.
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Answer

False. Profits are less compared to equilibrium level. Because in such a situation, addition to TVC is greater than addition to TR. So that TR-TVC, ie., profits will tend to shrink.

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