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Question

Total Output (Units)Total cost (Rs)Average Cost (Rs)Marginal cost (Rs)
11010.0010
2199.50?
3??8
435??
544?9
6?9.00?
7659.3011
877??
Average cost at 3rd unit = ______.

A
9
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B
8
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C
7
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D
6
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Solution

The correct option is A 9
Total Output (Units)Total cost (Rs)Average Cost (Rs)Marginal cost (Rs)
11010.0010
2199.509
32798
4358.758
5448.89
6549.0010
7659.3011
8779.612
Total cost at 3rdunit=19+8=27Averagecostat3^{rd}unit=27/3 = 9$

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