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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
8 Chapter 1
11 units, however, TC overtakes TR. It means that the rm’s protable range of output lies between 4 and
11 units. But the total prot (П) varies from output to output. Note that the distance between TR and
TC rst increases and then decreases. It implies that prot rst increases with the increase in output, but
beyond a certain level of output, it begins to decrease. In simple words, protable range of output lies
between 4 and 11 units of output and the maximum prot lies in between.
Given the TC and TR functions, graphical method requires drawing a tangent to TC in the range
output at which TR > TC and parallel to TR, as shown ...
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Publisher Resources

ISBN: 9788131797655