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Cost Curves · Question 37 of 62

Question 37

HardOriginal question

A firm's TFC is ₹200. At 10 units, its AC is ₹50. What is its TVC at 10 units?

Options for question 37

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. TC = AC × q = 50 × 10 = ₹500.

  2. TVC = TC − TFC = 500 − 200 = ₹300.

Worth noting

₹30 is AVC (300 ÷ 10); ₹500 is TC.

Concept
TVC from AC and TFC
Typical time
100 s
Your time
—
The rule this testsAverage and marginal cost
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Ten questions from Cost Curves, at your own pace.

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Ten questions from Cost Curves, at your own pace.

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