explain producer's equilibrium with the help of marginal cost and marginal revenue schedule .
units mc mr
1 10 07
2 07 07
3 05 07
4 04 07
5 05 07
6 07 07
7 10 07
here producer attain equilibrium at 6th unit of output as here mr and mc both stands as 07 and at the same time mc is rising
1 10 07
2 07 07
3 05 07
4 04 07
5 05 07
6 07 07
7 10 07
here producer attain equilibrium at 6th unit of output as here mr and mc both stands as 07 and at the same time mc is rising