Home
Class 11
ECONOMICS
If marginal cost is equal to marginal re...

If marginal cost is equal to marginal revenue at two output levels, then any one of the output level can be taken as state of producer's equilibrium.

Text Solution

Verified by Experts

Only that output level is the state of producer's equilibrium when marginal cost becomes greater than marginal revenue after the equilibrium .
Promotional Banner

Topper's Solved these Questions

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Guidelines To NCERT|6 Videos
  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Revision|13 Videos
  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise HIGHER ORDER THINKING SKILLS|7 Videos
  • PRICE DETERMINATION AND SIMPLE APPLICATIONS

    SANDEEP GARG|Exercise Long Answer Type Questions|28 Videos
  • PRODUCTION FUNCTION

    SANDEEP GARG|Exercise Practicals on TP, AP and MP|14 Videos

Similar Questions

Explore conceptually related problems

Find out the level of output at which the producer is in equilibrium.

Using marginal cost and marginal revenue approach, find out the level of output at which producer will be in equilibrium. Give reasons for your answer.

Calculate marginal cost at each level of output :

Calculate marginal cost at each level of output: