Question

Cost of producing 75 units of a commodity is Rs. 275 and cost of producing 150 units is Rs. 300. Assuming that TC is linear, find the (i) cost function. (ii) average total cost of producing 75, 150, 225 units respectively, (iii) average fixed cost of producing 75, 150, 225 units respectively. (iv) average variable cost of producing 75, 150, 225 units respectively

Answer 1

550 is cost of 150units because if 75 has 275 cost so double 75is 150 so also double cost