If it is given that the total variable cost for producing 15 units of output is Rs. 3000 and for 16 units is Rs. 3,500. Find the value of Marginal Cost.

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Solution

$M C_{n} = T V C_{n} - T V C_{n - 1} M C_{16} = T V C_{16} - T V C_{15} = 3, 500 - 3, 000 = R s .500$

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If it is given that the total variable cost for producing 15 units of output is Rs. 3000 and for 16 units is Rs. 3,500. Find the value of Marginal Cost.

MCn=TVCn−TVCn−1MC16=TVC16−TVC15=3,500−3,000=Rs.500

$M C_{n} = T V C_{n} - T V C_{n - 1} M C_{16} = T V C_{16} - T V C_{15} = 3, 500 - 3, 000 = R s .500$