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Cost Curves · Question 41 of 62

Question 41

HardOriginal question

At 8 units AC = ₹30 and at 9 units AC = ₹29. What is the MC of the 9th unit?

Options for question 41

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. TC₈ = 8 × 30 = ₹240; TC₉ = 9 × 29 = ₹261.

  2. MC₉ = 261 − 240 = ₹21. Since MC (₹21) is below AC, AC falls, as it did.

Concept
MC from two ACs
Typical time
100 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.