Question

Complete the following cost schedule :

Output (in units) 1 2 3 4

Total Cost (in Rs.) 20 – – 40

Average Cost (in Rs.) – – 12 –

Marginal Cost (in Rs.) – 10 – –​

Answer 1

Explanation:

Total cost (in Rs.) 10 20 30 40

Average Cost (in Rs.) 4 8 12 16

Marginal cost ( in Rs.) 5 10 15 20