Q 9
Q 9 Following information is given about a firm
Find out
a) AFC of producing 4 units
b) AFC of producing 5 units
c) Least average cost level of output
d) M.C.of producing the 3rd unit
a) AFC of 4th unit= 37.5 (150/4) [as TFC=150 RS]
b) AVC of 5 units= 170
c) least AC level of output= 4 units
d) MC of producing 3rd unit = 180
b) AVC of 5 units= 170
c) least AC level of output= 4 units
d) MC of producing 3rd unit = 180