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Cost Curves · Question 27 of 62

Question 27

MediumOriginal question

Total cost of producing 10 units is ₹600 and of 11 units is ₹640. What is the marginal cost of the 11th unit?

Options for question 27

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. MC₁₁ = TC₁₁ − TC₁₀ = 640 − 600 = ₹40.

Worth noting

₹58.18 is AC at 11 units (640 ÷ 11); ₹60 is AC at 10 units.

Concept
MC as a difference
Typical time
70 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.

Practise this chapterAll 62 questions in Cost CurvesRevise the notes for Cost Curves