Home
Class 11
ECONOMICS
Identify the equilibrium level of output...

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

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 }
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 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.

On the basis of the information given below, determine the level of output at which the producer will be in equilibrium. Use the maginal cost and marginal revenue approach. Give reasons for your answer.

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

On the basis of the information given below , determine the level of output at which the producer will be in equilibrium . Use the mariginal cost- 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.

Giving reasons identify the equilibrium level of output and find profit at this output using Marginal Cost and Marginal Revenue' approach from the following:

Given below is the cost schedule of a producet produced by a firm. The market price per unit of the product at all levels of output is Rs 12. using marginal cost and marginal revenue approach. Find out level of equilibrium output. Give reasons for your answer.

Giving reasons identify the equilibrium level of output and find profit at this ouptut using 'Marginal Cost and Marginal Revenue' approach from the following :