a firms average total cost is 300 at 5 units of output & 320 at 6 units of output the marginal cost of producing the 6th unit is :
a).20 b).120
c).320 d)420.
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Kindly solve
Replies (5)
a).20
| Originally posted by : Future CA CS | ||
 |
a).20 |
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AGREE
Agree with both.....
obviously its 20 as it is incured to produce additional 1 unit(5 to 6 unit)
Answer is
a) 20
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