What is producer's equilibrium ? Explain the conditions of producer's equilibrium through the marginal cost and marginal revenue approach. Use diagram.

What is meant by producer's equilibrium ? Explain the conditions of producer's equilibrium through the 'total revenue and total cost' approach. Use diagram.

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

Explain producer's equilibrium using a schedule.