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Cost Curves · Question 38 of 62

Question 38

HardOriginal question

The AVC of producing 4 units is ₹15 and of producing 5 units is ₹16. What is the MC of the 5th unit?

Options for question 38

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. TVC₄ = 4 × 15 = ₹60; TVC₅ = 5 × 16 = ₹80.

  2. MC₅ = TVC₅ − TVC₄ = 80 − 60 = ₹20.

Worth noting

₹1 subtracts the averages; marginal cost needs the totals.

Concept
MC from two AVCs
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.

Practise this chapter →

Ten questions from Cost Curves, at your own pace.

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