Page 6 - H. A Producer's equilibrium
P. 6

2                           20                           42



                       3                           20                           60



                       4                           20                           76


                       5                           20                           96



                       6                           20                           120




                   9.  Find out the equilibrium level of the output,
                       Output                      MR                          TC


                       1                           8                           6

                       2                           6                           11


                       3                           4                           15

                       4                           2                           18


                       5                           0                           23

                   10. Find out profit maximising output.

                       Output                      AR                          AC


                       1                           10                          4


                       2                           9.5                         4.5



                       3                           9.0                         5.0


                       4                           85                          5.5


                       5                           8.0                         6.0


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