Find the maximum profit position of producer by comparing TC and TR on the basis of the following data:

$\begin{matrix} Output(in Units) & AR (Rs.) & AC (Rs.) 1 & 12 & 7 2 & 11 & 9 3 & 10 & 10 4 & 9 & 11 5 & 8 & 12 \end{matrix}$

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Solution

$\begin{matrix} Output(in Units) & 1 & 2 & 3 & 4 & 5 P=AR & 12 & 11 & 10 & 9 & 8 AC & 7 & 9 & 10 & 11 & 12 TR & 12 & 22 & 30 & 36 & 40 TC & 7 & 18 & 30 & 44 & 60 Profit(TR-TC) & 5 & 4 & 0 & - 8 & - 20 \end{matrix}$

It is clear from the table that a producer maximise his profit when he produces 1 unit of the commodity. The profit of the producer will be lower at any other level of output than this.

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Find the maximum profit position of producer by comparing TC and TR on the basis of the following data: Output(in Units)AR (Rs.)AC (Rs.) 1 12 7 2 11 9 3 10 10 4 9 11 5 8 12

Output(in Units)12345P=AR12111098AC79101112TR1222303640TC718304460Profit(TR-TC)540−8−20 It is clear from the table that a producer maximise his profit when he produces 1 unit of the commodity. The profit of the producer will be lower at any other level of output than this.

Find the maximum profit position of producer by comparing TC and TR on the basis of the following data:

$\begin{matrix} Output(in Units) & AR (Rs.) & AC (Rs.) 1 & 12 & 7 2 & 11 & 9 3 & 10 & 10 4 & 9 & 11 5 & 8 & 12 \end{matrix}$