Question

why should mc curve be resing in situations of producers equilibrium

Answer 1

Answer:

$\huge\mathfrak\pink{oh yeah}$

Answer 2

Hello Mate,

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).

Hope this helps you