producers equlibrium

The answer given by roshel is correct. To read more about this topic follow the below mentioned link then select chapter-4 (The Theory of the firm under Perfect Competition) Lesson-4 (Profit Maximisation Conditions For Perfect Competition).

http://cbse.meritnation.com/textbook-cbse-XII-Commerce/1/15/16/338/studymaterials.html

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there are two conditions for producer's equillibrum

1. MC=MR

2 MCMR AFTER MC=MR

the meaning of producer's equillibrium is dat it is the combination of price and output which yields the producer maximum profit and the total profit starts declining as more is produced by the producer

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