Home
Class 11
ECONOMICS
From the following information about a f...

From the following information about a firm ,find the firm's equilibrium output in terms of marginal cost and marginal revenue .Give reasons. Also find profit at this output.

Text Solution

Verified by Experts

The correct Answer is:
N/a

{Producer is in equilibrium at 4 units of output as:(i) MC is equal to MR: and (ii) MC becomes greater than MR after this level of output : Point =Rs 1}
Promotional Banner

Topper's Solved these Questions

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Very Short Answer Type|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

From the following information about a firm, find the firms equilibrium output in terms of marginal cost and marginal revenue. Give reasons . Also find profit at this output.

Identify the equilibrium level of output using marginal cost and marginal revenue approach. Give reasons for your answer.

From the following information about firm 'X', find net value added at factor cost :

On the basis of following data , determine producer's equilibrium through marginal cost- marginal revenue approach. Give reasons for your answer.

From the following schedule , find out the level of output at which the producer is in equilibrium ,using marginal cost and marginal revenue approach. Give reasons for your answer.

From the following table find out the level of output at which the producer will be in equilibrium (use marginal cost and marginal revenue approach). Give reasons for your answer.

From the following data find out the level of output that will give the producer maximum profit (Use marginal cost and marginal revenue approach). Give reasons for your answer.

From the following total cost and total revenue schedule of a firm. Find out the level of output suing marginal cost and marginal revenue approach , at which at firm would be in equilibrium . Give reasons for your answer.