Give the meaning of producer's equilibrium .A producer produces that quantity of his product at whichmarginal cost and marginal revenue are equal. Is the earning maximum profit ? Give reasons for your answer.

Give the meaning of producer's equilibrium .A producer produces that q

1.	Give the meaning of producer's equilibrium .A producer produces that quantity of his product at whichmarginal cost and marginal revenue are equal. Is the earning maximum profit ? Give reasons for your answer.
Answer» SOLUTION :N/a