The marginal cost of the sixth unit of output is : OutputTC0240133024103480454056106690
Rs. 133
Rs. 75
Rs. 80
Rs.450
MPn=TPn−TPn−1=690−610=80
Study the following demand schedule and answer the following question.
Price (Rs)Quantity11010100920083007400650056004700
At what price does MR become negative for the first time?
At what price is the MR zero?
At what price is the MR maximum?
Calculate total variable vost and total cost from the following cost schedule of a firm whose fixed costs are Rs. 10. Output(Units)1234Marginal Cost(Rs.)6546