Q
The total costs are Rs2000 and 10 units are produced. The marginal cost of an 11th unit is Rs1300 Which of the following is true ?
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A
A. The average cost increase from rs20 to rs30
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B
B. The total costs for 11 units are rs700
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C
C. The average cost for 10 units is rs1300
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D
D. The average cost for 11 units is rs1300
Correct Answer:
C. C. The average cost for 10 units is rs1300