Plz olve this ques

Plz olve this ques 7. Quantit From the given table conclude producer equilibrium using marginal cost and marginal revenue approach Total revenue 20 100 120 Total cost 24 62 78 98 122

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.
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