The output and cost pattern of a product are given.
Output(q) $0$ $1$ $2$ $3$ $4$ $5$
Total in Rs. cost(Tc) $36$ $44$ $51$ $56$ $73$ $81$
Find marginal cost of $5$ th unit of production.

Rs.

11.5

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Rs.

8.0

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Rs.

10.0

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Rs.

9

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Solution

The correct option is B Rs. $8.0$
Marginal cost of the 5th unit is the change in total cost due to the production of the 5th unit.

MC = $T C_{5}$ - $T C_{4}$
= 81 - 73
= 8

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Similar questions

Output(q)	$0$	$1$	$2$	$3$	$4$	$5$
Total in Rs. cost (Tc)	$36$	$44$	$51$	$56$	$73$	$81$

4

Output(q)	$0$	$1$	$2$	$3$	$4$	$5$
Total in Rs. cost(Tc)	$30$	$42$	$53$	$63$	$75$	$88$

3

4^{t h}

Output (Units)	Average Fixed Cost (Rs.)	Average Variable Cost (Rs.)	Marginal Cost (Rs.)	Total Cost (Rs.)
$1$ $2$ $3$ $4$ $5$	$120$ $60$ - $30$ -	$40$ $56$ $54$ - -	- - - $54$ -	- $232$ - - -

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