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Producer's Equilibrium under MR-MC appro...

Producer's Equilibrium under MR-MC approach is achieved when :

A

MR=MC

B

`MC gt MR` after the equality between MR and MC

C

Either (a) or (b)

D

Both (a) and (b)

Text Solution

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The correct Answer is:
D
N/a
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Knowledge Check

  • Producer's equilibrium is determined where

    A
    MR > MC
    B
    MR < MC
    C
    MR = MC
    D
    all of these.

  • When price falls with rise in output , then Producer's Equilibrium is achieved at:

    A
    Point E
    B
    Point F
    C
    both (a) and (b)
    D
    Neither (a) nor (b)

  • Producer's equilibrium refers to stage of that output level when :

    A
    Firm earns maximum profit
    B
    Firm bears minimum losses
    C
    Firm has no inclination to expand contract the output
    D
    All of these

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