Find out the maximum profit position of producer by comparing TC and TR on the basis of the following data. Also verify using MR and MC approach.

Find out the maximum profit position of producer by comparing TC and T

1.	Find out the maximum profit position of producer by comparing TC and TR on the basis of the following data. Also verify using MR and MC approach.
Answer» <html><body><p></p>Solution :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/MIC_ECO_XI_U03_C08_E01_004_S01.png" width="80%"/> <br/> Hint. TR = Output `<a href="https://interviewquestions.tuteehub.com/tag/xx-747671" style="font-weight:bold;" target="_blank" title="Click to know more about XX">XX</a>` AR and TC = Output `xx` AC. <br/> Thus, <a href="https://interviewquestions.tuteehub.com/tag/producer-1167788" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCER">PRODUCER</a> will maximize <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> (Rs.6) when he <a href="https://interviewquestions.tuteehub.com/tag/produces-1167808" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCES">PRODUCES</a> 3 units of output. <a href="https://interviewquestions.tuteehub.com/tag/also-373387" style="font-weight:bold;" target="_blank" title="Click to know more about ALSO">ALSO</a> at 3 units of output, MR = MC (Rs.6) and MC gt MR after this level of output.</body></html>