Page 3 - H. A Producer's equilibrium

1.Given below is a cost and revenue schedule of a producer. At what
level of output is the producer in equilibrium? Give reasons for your
answer.
OUTPUT(UNITS) PRICE(Rs) TOTAL COST(Rs)

1 10 13

2 10 22

3 10 30

4 10 38

5 10 47

6 10 57

7 10 71

2.From the following schedule find out the level of output at which the
producer is in equilibrium. Give reasons for your answer.

OUTPUT(UNITS) PRICE(Rs) TOTAL COST(Rs)

1 24 26

2 24 50

3 24 72

4 24 92

5 24 115