Plz olve this ques
QUANTITY | TR | TC | MR | MC |
1 | 20 | 24 | 20 | 24 |
2 | 40 | 44 | 20 | 20 |
3 | 60 | 62 | 20 | 18 |
4 | 80 | 78 | 20 | 16 |
5 | 100 | 98 | 20 | 20 |
6 | 120 | 122 | 20 | 24 |
PRODUCER STRIKES HIS EQUILIBRIUM WITH MR AND MC APPROACH WITH TWO CONDITIONS
(i) MR = MC
(ii) MC IS RISING
SO HERE IN THIS CASE PRODUCER STRIKES HIS EQUILIBRIUM AT 5th UNIT OF OUTPUT.