Find the producer's equilibrium from the following:
Output
(Units) Total Revenue
(Rs.) Marginal Cost
(Rs.)
$1$ $15$ $8$
$2$ $28$ $5$
$3$ $39$ $11$
$4$ $49$ $13$

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Solution

Output
(Units) Total Revenue
$(T R) (R s .)$ Marginal Revenue
$(M R) (R s .)$ Marginal cost
$(M C) (R s .)$
$1$ $15$ $15$ $8$
$2$ $28$ $13$ $5$
$3$ $39$ $11$ $11$
$4$ $49$ $10$ $13$
Profit is maximised when (i) $M R = M C$ , and (ii) $M C$ is rising. In this case, it is at $3 r d$ unit. Hence, producer's equilibrium occurs at output level $3$ .
Producer is in equilibrium when the level of output $= 3 u n i t s .$

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Similar questions

Q. Find producer's equilibrium from the following table given below:

Quantity Sold (Units)	Total Revenue (Rs.)	Marginal Cost (Rs.)
1	$9$	$15$
2	$18$	$8$
3	$27$	$9$
4	$36$	$10$
5	$45$	$11$

Q. Find the profit maximizing level of output.

Quantity sold (Units)	Total Revenue (Rs.)	Marginal Cost (Rs.)
1	$14$	$15$
2	$30$	$12$
3	$44$	$9$
4	$48$	$5$
5	$52$	$6$

Find the sum:
(i) 2+4+6+...+200
(ii) 3+11+19+...+803
(iii) (-5)+(-8)+(-11)+...+(-230)
(iv) 1+3+5+7+...+199
(v) $7 + 10 \frac{1}{2} + 14 + . . . + 84$
(vi) 34+32+30+...+10
(vii) 25+28+31+...+100
(viii) $18 + 15 \frac{1}{2} + 13 + . . . + (- 49 \frac{1}{2})$

Q. Complete the following table. Identify the phase of production which is relevant from the viewpoint of producer's equilibrium.

Units of Labour	$T P$	$A P$	$M P$
$1$ $2$ $3$ $4$ $5$ $6$ $7$ $8$	$4$ $12$ $24$ $32$ $36$ $36$ $28$ $16$	- - - - - - - -	- - - - - - - -

Re-arrange suitably and find the sum in each of the following :

(i) $\frac{11}{12} + \frac{- 17}{3} + \frac{11}{2} + \frac{- 25}{2}$

(ii) $\frac{- 6}{7} + \frac{- 5}{6} + \frac{- 4}{9} + \frac{- 15}{7}$

(iii) $\frac{3}{5} + \frac{7}{3} + \frac{9}{5} + \frac{- 13}{15} + \frac{- 7}{3}$

(iv) $\frac{4}{13} + \frac{- 5}{8} + \frac{- 8}{13} + \frac{9}{13}$

(v) $\frac{2}{3} + \frac{- 4}{5} + \frac{1}{3} + \frac{2}{5}$

(vi) $\frac{1}{8} + \frac{5}{12} + \frac{2}{7} + \frac{7}{12} + \frac{9}{7} + \frac{- 5}{16}$

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Output (Units)	Total Revenue (Rs.)	Marginal Cost (Rs.)
$1$	$15$	$8$
$2$	$28$	$5$
$3$	$39$	$11$
$4$	$49$	$13$

Output (Units)	Total Revenue $(T R) (R s .)$	Marginal Revenue $(M R) (R s .)$	Marginal cost $(M C) (R s .)$
$1$	$15$	$15$	$8$
$2$	$28$	$13$	$5$
$3$	$39$	$11$	$11$
$4$	$49$	$10$	$13$

Find the producer's equilibrium from the following:Output(Units)Total Revenue(Rs.)Marginal Cost(Rs.)115822853391144913

Find the producer's equilibrium from the following:
Output
(Units) Total Revenue
(Rs.) Marginal Cost
(Rs.)
$1$ $15$ $8$
$2$ $28$ $5$
$3$ $39$ $11$
$4$ $49$ $13$