Question

The firm monthly cost of production is rs.146000 at an output level of 8000 units . If ot achieves an output lebel of 12000 units it will incur production cost of rs.194000 ..Cost of production for 15000 units is?

Answer 1

Answer:

eg:

Explanation:

TC=AC×Q

So we have;

300×5=1500

320×6=1920

Thus, MC=TC

n

−TC

(

n−1)

MC=1920−1500=420

Thus, Marginal cost of producing 6th unit is Rs.420.