1.

Following information is given about a firm. Output(Units)0123456Total Cost(Rs.)4005506607909401,1501,460 Find out (i) the average fixed cost of producing 4 units. (ii) the average variable cost of producing 5 units. (iii) the least average cost level of output. (iv) the marginal cost of producing the 3rd unit. (v) the total variable cost of producing 6 units.

Answer»

Following information is given about a firm.

Output(Units)0123456Total Cost(Rs.)4005506607909401,1501,460

Find out
(i) the average fixed cost of producing 4 units.
(ii) the average variable cost of producing 5 units.
(iii) the least average cost level of output.
(iv) the marginal cost of producing the 3rd unit.
(v) the total variable cost of producing 6 units.



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