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Standard XII

Business Studies

Pricing

The marginal ...

Question

The marginal cost ,when output is at equilibrium, is 10 is equal to ______________.

the slope of a line drawn tangent to the total cost curve where output = 10.

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the total cost of 10 units of output divided by its average cost.

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the average cost of 10 units

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None of the above

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Solution

The correct option is D the average cost of 10 units
When output is at equilibrium, the marginal cost is equal to the average cost, that is , 10 units.
Hence, the correct option is C.

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The marginal cost ,when output is at equilibrium, is 10 is equal to ______________.

The correct option is D the average cost of 10 unitsWhen output is at equilibrium, the marginal cost is equal to the average cost, that is , 10 units.Hence, the correct option is C.

The correct option is D the average cost of 10 units
When output is at equilibrium, the marginal cost is equal to the average cost, that is , 10 units.
Hence, the correct option is C.