Question

according to macroeconomics class 12 profit is equal to ?​

Answer 1

Answer:

here is your answer

Explanation:

According to Table, both the conditions of equilibrium are satisfied at 4 units of output. MC is equal to MR and MC is rising. MC is more than MR when output is produced after 4 units of output. So, Producer’s Equilibrium will be achieved at 4 units of output. However, MR is equal to MC at 2 units of output also. But, second condition is not fulfilled here.

Let us understand the determination of equilibrium with the help of a diagram: