- 04/25/2019 at 2:58 pm #618688EduGorillaKeymasterSelect Question Language :
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
When production is 50 units, marginal cost is
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