Question 33
MediumOriginal questionTVC = 5q + q² for a firm. What is the MC of the 3rd unit?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
TVC₃ = 15 + 9 = ₹24; TVC₂ = 10 + 4 = ₹14.
MC₃ = 24 − 14 = ₹10.
Worth noting
₹8 is AVC at 3 units (24 ÷ 3).
- Concept
- MC from a cost function
- Typical timeTypical
- 70 s
- Your timeYours
- —
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