Home
Class 11
ECONOMICS
If a firm's production department data s...

If a firm's production department data says that the TVC for producing 8 units and 10 units of output is `₹ 2,500` and `₹ 3,000` respectively, marginal cost of `10^(th)` unit will be :

A

`₹ 100`

B

`₹ 150`

C

`₹ 500`

D

`₹ 250`

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Topper's Solved these Questions

  • COST

    SANDEEP GARG|Exercise Very Short Answer Type|41 Videos

  • COST

    SANDEEP GARG|Exercise Short Answer|23 Videos

  • COST

    SANDEEP GARG|Exercise Guidelines|12 Videos

  • CONSUMER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Revision Exercise|64 Videos

  • DEMAND

    SANDEEP GARG|Exercise Unsolved particles|4 Videos

Similar Questions

Explore conceptually related problems

If it is given that the total variable cost for producing 15 units of output is ₹ 3,000 and for 16 units is 3,500 . Find the value of Marginal Cost.

Calculated TFC, it AC and AVC are ₹ 22 and ₹ 18 respectively, at output of 10 units.

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

The total cost of producing 9 units of output is ₹ 85 . If average total cost of producing 10 units is ₹ 10 , then what will be the marginal cost of producing this level of output ?

A firm is producing 20 units. At this level of output, ATC and AVC are respectively equal to ₹ 40 and ₹ 37 . Find out the total fixed cost of the firm.

A firm is producing 20 units. At this level of output, ATC and AVC are respectively equal to ₹ 40 and ₹ 37 . Find out the total fixed cost of the firm.

4 units of a factor of production produce 100 units of output, and 5 units produce 120 units of output, Calculate MP of that factor.

SANDEEP GARG-COST-Multiple Choice Qns
  1. Which of the following statement is true ?

    Text Solution

    |

  2. "" cost refers to actual payment made by the entreneur to the provide...

    Text Solution

    |

  3. The distinction drawan between fixed and variable costs is based on :

    Text Solution

    |

  4. Which of the following is an example of "Implicit cost" ?

    Text Solution

    |

  5. If a resource can be put only to particular use, then opportunity c...

    Text Solution

    |

  6. If a Firm produces zero output in the short period, then :

    Text Solution

    |

  7. With which of the following, the concept of marginal cost is closely r...

    Text Solution

    |

  8. Initially, even when there is an increase in AVC, AC may still decline...

    Text Solution

    |

  9. MC Curve cuts the AVC and ATC Curves :

    Text Solution

    |

  10. The total cost at 5 units of output is ₹ 30. The fixed cost is ₹ 5. Th...

    Text Solution

    |

  11. The average fixed cost at 4 units of output is ₹ 20. Average variabl...

    Text Solution

    |

  12. The realtionship between AC, AVC and MC is rightly shown by :

    Text Solution

    |

  13. Identify the following curve :

    Text Solution

    |

  14. Which of the following diagram correctly depicts the relationship bet...

    Text Solution

    |

  15. The area under the following curve is equal to :

    Text Solution

    |

  16. Which of the following diagram correctly depicts the ralation between ...

    Text Solution

    |

  17. When AC gt MC, then MC can:

    Text Solution

    |

  18. Out of the following costs, which cost can never be zero :

    Text Solution

    |

  19. If a firm's production department data says that the TVC for producing...

    Text Solution

    |

  20. When average cost falls, marginal cost: (Choose the correct alterna...

    Text Solution

    |