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Cost Curves · Question 26 of 62

Question 26

MediumOriginal question

AFC = ₹25 and AVC = ₹40 at a certain output. What is AC there?

Options for question 26

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. AC = AFC + AVC = 25 + 40 = ₹65.

Concept
AC from AFC and AVC
Typical time
70 s
Your time
—
The rule this testsAverage and marginal cost
Practise this chapter →

Ten questions from Cost Curves, at your own pace.

Practise this chapter →

Ten questions from Cost Curves, at your own pace.