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A producer can sell any quantity of a c...

A producer can sell any quantity of a commodity at a given price of Rs. 10 per unit. His cost schedule is given below:

How many units should he produce to get maximum profit ? Explain.

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The correct Answer is:
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{producer is in equilibrium at 5 units of output as: (i) MC is equal to MR: and (ii) MC becomes greater than MR after this level of output}
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