Directions: A competitive firm sells his product at market price of Rs. 51 per unit. The fixed cost ….

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  • 04/25/2019 at 2:58 pm #618688 Reply
     EduGorilla 
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    Directions: A competitive firm sells his product at market price of Rs. 51 per unit. The fixed cost is Rs. 300 and variable cost for different level of production are shown in the following table. Use table given below to answer question.

    Quantity Variable Cost Fixed Cost Total Cost AVC ATC MC
    0
    10
    20
    30
    40
    50    		 0
    470
    980
    1850
    3400
    5950


    When production is 50 units, marginal cost is

    Options :-

    1. 265
    2. 255
    3. 245
    4. 275
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