Answered: A firm's average total cost of…

A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of output. The marginal cost of producing the 6th unit is

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

Question

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36. A firm's average total cost of
production is Rs.300 at 5 units of
output and Rs.320 at 6 units of
output. The marginal cost of
producing the 6th unit is
A. O Rs.20
B. O Rs.120
C. O Rs.320
D. O Rs.420

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