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CBSE Notes 2011-2012 » XII-Economics

PRODUCER'S EQUILIBRIUM

Is it enough to say that profit is maximised when MC = MR ?

Short answer question

Is it enough to say that profit is maximised when MC = MR ?

What is break-even point ?

Short answer question

What is break-even point ?

Define normal profit.

Short answer question

Define normal profit.

What is the general profit maximising condition of a producer ?

Short answer question

What is the general profit maximising condition of a producer ?

When does a producer earns maximum profit ?

Short answer question

When does a producer earns maximum profit ?

State the two conditions of producer's equilibrium under perfect competition ? Or What are the condi...

Short answer question

State the two conditions of producer's equilibrium under perfect competition ?
Or
What are the conditions of profit maximisation for a competitive firm ?

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