Economy, asked by mohdtaquei, 6 months ago

explain producer equilibrium using tr and tc approach.

Answers

Answered by Anonymous

5

According to TR-TC approach, producer's equilibrium refers to stage of that output level at which the difference between TR and TC is positively maximized and total profits fall as more units of output are produced. ... The difference between TR and TC is positively maximized; Total profits fall after that level of output.

Previous Question

Next Question

Similar questions

Math, 3 months ago

consumption of petrol (l) in the car and distance travelled by the car (d) are in direct variation ...

Math, 3 months ago

Wyatt is training for a race. He will run 3/4 of a mile a day for 8 days. How far will Wyatt run altogether?

Social Sciences, 3 months ago

how can you show the difference between actual distance and distance on the map...

Social Sciences, 6 months ago

describe any three steps taken by the french revolution, why is it considered the back bone of economic development? give two reasons?

Computer Science, 6 months ago

network does not provide security to us. true/false...

English, 11 months ago

what is the means of reproduction?

Social Sciences, 11 months ago

4. The child labour is fostered by...

Chemistry, 11 months ago

hybridisation define...