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Beyond producer’s equilibrium when MR<MC, the firm earns only
  • a)
    Abnormal profit
  • b)
    Normal loss
  • c)
    Abnormal loss
  • d)
    Normal Profit
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Beyond producer’s equilibrium when MR<MC, the firm earns only...
Marginal Cost < Marginal Revenue means abnormal loss situation, where the total revenue of a business does not cover total cost incurred for the business, due to which the profits of the business are below normal limits.
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Most Upvoted Answer
Beyond producer’s equilibrium when MR<MC, the firm earns only...
MR = MC. If one additional unit of the output is produced, then MR is the gain and MC is the cost to the producer. As long as MR is greater than MC, it is profitable to produce more. Thereforethe firm has not achieved an equilibrium level of output where the profit is maximum.
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Community Answer
Beyond producer’s equilibrium when MR<MC, the firm earns only...
A beyond producer is a music producer who goes beyond the traditional roles and responsibilities of a producer. They are known for pushing boundaries, experimenting with new sounds and techniques, and challenging conventional norms in music production.

Beyond producers often collaborate with artists and musicians to create innovative and unique sounds, incorporating elements from various genres and styles. They may also incorporate unconventional instruments or electronic elements to create a distinct and original sound.

These producers are not limited to a specific genre or style and are often sought after for their creativity and ability to push the boundaries of what is considered mainstream or popular in music. They may work in various genres such as electronic, hip-hop, rock, pop, or experimental music.

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Beyond producer’s equilibrium when MR<MC, the firm earns onlya)Abnormal profitb)Normal lossc)Abnormal lossd)Normal ProfitCorrect answer is option 'C'. Can you explain this answer?
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