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From the following schedule find out the...

From the following schedule find out the level of output at which the producer is in equilibrium. Give reasons for your answer.

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TR = Price `xx` output and profit = TR - TC.
The producer achieves equilibrium at 6 units of output. It is because this level of output satisfies both the conditions of producer's equilibrium.
(i) The difference between TR and TC is positive and maximum, i.e., Rs. 5.
(ii)Total profits fall after 6 units of output.
Also MR = MC (Rs. 24) at 6 units of output and MC gt MR after this level of output.
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