If MC is more than MR at a particular level of output, how will the producer react to maximize the profits________________

What is the relation between price and marginal cost at equilibrium, when price falls with the rise in output.

What is the relation between price and marginal cost at equilibrium, when price remains constant with the rise in output.

A producer is in equilibrium when total cost and total revenue are equal.

If marginal revenue is equal to the total cost, producer is in equilibrium

A firm gets maximum profits only if difference between average revenue and average cost is the maximum

What is meant by profit?

What are the two methods for determination of producer's equilibrium?

Explain the producer's equilibrium.

What is the general profit maximising condition for a producer (MRand MC approach)?

Will a profit-maximizing firm in a competitive market ever produce a positive level of output in the range where the marginal cost is falling? Give an explanation.

What is the relation between Price and MC at equilibrium (when price falls with the rise in output)?

"MC should be rising at the point of Producer's Equilibrium". Comment.

Explain the producer's equilibrium with MR/MC approach (when Price remains constant with the rise in output).

Can there be a positive level of output that a profit-maximizing firm produces in a competitive market at which market price is not equal to marginal cost? Give an explanation.

Explain why will a producer not be in equilibrium if the conditions of equilibrium are not met.

Explain the producer's equilibrium with MR/MC approach (when price falls with the rise in output).

Why is the equality between marginal cost and marginal revenue necessary for a firm to be in equilibrium? Is it sufficient to ensure equilibrium? Explain

Given below is the cost schedule of a product produced by a firm. The market price per unit of the product at all levels of output is Rs 12 .Using Marginal Cost and Marginal Revenue approach, find out the level of equilibrium output. Give reasons for your answer.

Find maximum profit situation from the table:

Calculate:
(i) Output level showing loss.
(ii) Output level showing break-even point.
(iii) Output level showing maximum profit.