Home
Class 11
ECONOMICS
Excess of marginal revenue over marginal...

Excess of marginal revenue over marginal cost is always better than equality between the two in order to achieve the equilibrium for a producer.

Text Solution

Verified by Experts

Producer will no be at equilibrium when marginal revenue (MR) is more than marginal cost (MC) as it will be possible to increase profits by producing more. So, equaility between MR and MC is a better situatio.
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