Commerce Exam > Commerce Questions > At producer’s equilibrium when MR=MC, t...
Start Learning for Free
At producer’s equilibrium when MR=MC, the firm earns only
- a)Abnormal loss
- b)Abnormal profit
- c)Normal Profit
- d)Normal loss
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
At producer’s equilibrium when MR=MC, the firm earns onlya)Abnor...
Producer’s equilibrium refers to the state in which a producer earns his maximum profit or minimises its losses. According to the MR-MC approach, the producer is at equilibrium when the Marginal Revenue (MR) is equal to the Marginal Cost (MC), and the Marginal Cost curve must cut the Marginal Revenue curve from below.
Two conditions under this approach are:
(i) MR = MC
(ii) MC curve should cut the MR curve from below, or MC should be rising.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer?
Question Description
At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer?.
At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer?.
Solutions for At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice At producer’s equilibrium when MR=MC, the firm earns onlya)Abnormal lossb)Abnormal profitc)Normal Profitd)Normal lossCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup