If the total cost of producing 10 units of a commodity is Rs. 40 and t – InterviewSolution

1.

If the total cost of producing 10 units of a commodity is Rs. 40 and that of producing 8 units is Rs. 30, what will be the marginal cost ?

Answer»

MC = \(\frac{ ΔTC}{ΔQ}\) = \(\frac{40-30}{10-8} \)

\(= \frac{10}{2} = Rs.5.\)

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