Question

The total cost at 10 units of output is rupees
75 .The fixed cost is rupees
15.What is the average variable cost at 10 units of output.
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Answer 1

Explanation:

A firm's average fixed cost of producing 2 units of a good is Rs. 9 and given below is its total cost schedule. Calculate its average variable cost and marginal cost for each of the given level of output.

Output (Units) 1 2 3

TC (Rs.) 23 27 30