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If 10 unit cost ₹ 36 to produce and 12 u...

If 10 unit cost `₹ 36` to produce and `12` units cost `₹ 50`, then marginal cost is equal to `₹ 14`.

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Verified by Experts

False. `MC = (DeltaTC)/(DeltaQ) = (TC_(12) - TC_(10))/(12 - 10) = (50 - 36 )/(12 - 10) = (14)/(2) = ₹ 7`
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SANDEEP GARG-COST-True And False
  1. Total cost can be obtained as summation of marginal costs.

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  2. Total cost of production is the sum total of variable cost and marg...

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  3. If 10 unit cost ₹ 36 to produce and 12 units cost ₹ 50, then marginal ...

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  4. Average variable cost curve is a U-shaped curve.

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  5. Marginal cost is not affected by total fixed cost.

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  6. AFC curve is a rectangular hyperbola curve.

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  7. Both total cost and total fixed cost curve start from the same point.

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  8. Marginal cost changes at a rate faster than average cost.

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  9. When we consider costs in economics, we include explicit cost only.

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  10. Average cost falls only when marginal cost falls.

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  11. Total cost can never be constant.

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  12. Costs that have been already incurred are important factors in making...

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  13. As output is increased, the difference between average total cost an...

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  14. The marginal cost curve can intersect the average cost curve ony at it...

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  15. The difference between average total cost and average variable cost is...

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  16. Explicit cost includes opportunity cost of resources owned and used ...

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  17. When marginal cost rises, average cost also rises.

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  18. MC is minimum at point where TC start increasing at an increasing rat...

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  19. As soon as marginal cost starts rising, average variable cost also st...

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  20. Average cost must exceed marginal cost at the point when average cost ...

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