Question

HEYA FRNDS ... PLEASE PROVIDE ME NOTES ON PRODUCERS EQUILIBRIUM ​

Answer 1

Answer: Producer's Equilibrium.

Explanation:

Equilibrium means that state when no change is required; where demand and supply or input and output are equal (equilibrium). A firm/company is said to have attained equilibrium point where they don't show any interest towards expanding or increasing their input or contract their output. This state reflects either the company is enjoying maximum profits or incurring minimum losses. This case is seen rarely.

There are two methods for determination of Producer’s Equilibrium:

1. Total Revenue and Total Cost Approach (TR-TC Approach)

2. Marginal Revenue and Marginal Cost Approach (MR-MC Approach)

Answer 2

Answer:

HEY MATE!✌❤

Producer's equilibrium: A producer is said to be in equilibrium when he produces that level of output at which his profits are maximum. Producer's equilibrium is also known as profit maximisation situation.

etc...in attachment!

Explanation:

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