Home
Class 11
ECONOMICS
What is the general profit maximising co...

What is the general profit maximising condition for a producer (MR and MC approach)?

Text Solution

Verified by Experts

The correct Answer is:
N/a
(i) MC =MR and (ii) MC curve cuts the MR curve from below (i.e., MC is rising).
Promotional Banner

Topper's Solved these Questions

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Unsolved Practicals|12 Videos

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Revision|13 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 maximum profit position of a producer by MR - MC approach on the basis of the following data.

What is the General equation of second degree and condition for represent pair of lines?

Explain profit maximisation .Use diagram