Depriciable Cost

Calculate Marginal Cost and Average Variable Cost from the following cost schedule of a firm whose Total fixed Costs are ₹ 10 :

State the relationship between : (a) Marginal cost and average variable cost : (b) Total cost and marginal cost.

The total cost at 5 units of output is ₹ 30 . The fixed cost is ₹ 5 . The average variable cost 5 units of output is :