Millionaire Mode

Producer's equilibrium - class-XII

Question 1 of 25

As per Total Revenue less Total Cost (TR - TC) approach of looking at the producer's equilibrium, which of the following condition is necessary for producer's equilibrium?

  1. The difference between TR and TC is maximum
  2. Profits falls if one more unit of output is produced
  3. Both (A) and (B)
  4. Either (A) or (B)

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000