Question

When does a producer equilibrium strike? Explain with the help of hypothetical figures?

Answer 1

Answer:

Producer's equilibrium is often explained in terms of marginal revenue (MR) and marginal cost (MC) of production. Profit is maximized (or a producer strikes his equilibrium) when two conditions are satisfied – (i) MR = MC, and (ii) MC is rising (or MC is greater than MR beyond the point of equilibrium output).

Answer 2

the above ans is correct refer to tha aswer