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Producer equilibrium

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Producer equilibrium

Posted by Yash Gupta 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Vansh Rastogi 6 years, 11 months ago

Producer's Equilibrium: MR-MC Approach, Perfect Competition and ... Producer's equilibrium is often explained in terms of marginal revenue (MR) and marginal cost (MC) of production. ... A producer will strike his equilibrium only whenMR=MC and MC is rising. Implying that the equilibrium will be struck when 10 units of output are produced, not when 2 units of output are produced.

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