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A producer’s equilibrium is a situation when
  • a)
    AR = MR
  • b)
    MR = MC
  • c)
    AR = AC
  • d)
    TR = TC
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A producer’s equilibrium is a situation whena)AR = MRb)MR = MCc)...
Is a person or company responsible for overseeing and managing the creation and development of a film, television show, or other type of media project. They are responsible for hiring the cast and crew, securing financing, managing the budget, and ensuring that the project is completed on time and within budget. Producers also work with writers, directors, and other creative personnel to ensure that the project meets their vision and artistic goals.
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A producer’s equilibrium is a situation whena)AR = MRb)MR = MCc)...
Equilibrium refers to a state of rest when no change is required. A firm (producer) is said to be in equilibrium when it has no inclination to expand or to contract its output. This state either reflects maximum profits or minimum losses.
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A producer’s equilibrium is a situation whena)AR = MRb)MR = MCc)AR = ACd)TR = TCCorrect answer is option 'B'. Can you explain this answer?
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