Following information is given about a firm:

From this information find out:
(i) the average fixed cost of producing 4 units.
(ii) the average variable cost of producing 5 units.
(iii) the least average cost level of output.
(iv) the marginal cost of producing the 3rd unit.
(v) the total variable cost of producing 6 units.

Explanation

(i) `400div4=rs100`
(ii) `(1150-400)div5=750div5=rs150`
(iii) 5 units : ATC=`1150div5=rs230`
(iv) `790-660=rs130`
(v) `1460-400=rs1060`