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What the rationale behind the conditions of equilibrium of a producer.

Posted by Hemant Hemant 5 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Shivangi Goel 5 years, 6 months ago

Profit* in place of satiafaction .

0Thank You

Shivangi Goel 5 years, 6 months ago

Producer equilibrium is the situation of maximum satisfaction.... Rationale behind the conditions of producer's equilibrium are...1) MR= MC and 2) MC must be rising at the equilubrium point....

1Thank You

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