If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:

Related MCQs

• With fixed costs of Rs. 400, a firm has average total costs of Rs. 3 and average variable costs of Rs. 2.50. Its output is:
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• If average variable costs fall as output grows:
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• The average fixed cost is obtained by :
• Which of the following statements best describes the general form of a production function: (i) It is a purely technological relationship between quantities of input and quantities of output. (ii) It represents the technology of an organisation, sector of an economy. (iii) Prices of inputs or of the output do not enter into the production function. (iv) It is a flow concept describing the transformation of inputs into output per unitof time.
• Marginal costs and average variable costs are equal when
• The average total costs of the firm as defined in standard economic theory
• Which is not a fixed cost?
• The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the: