Question

producers equilibrium using tc and tr approach under perfect competitive market​

Answer 1

Answer:

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

Answer 2

Answer:

Answer:

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 betweenTR and TC is positively maximized; Total profits fall after that level ofoutput. \

Explanation:

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