MC at any level of output is given by

Related MCQs

• 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:
• Ratio of consumption expenditure to any particular level of income
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit
• When output exceeds spending:
• When investment is negatively related to the rate of interest, equilibrium output in the goods market:
• In which of the following situations will an increase in the money supply have no effect upon output?
• Entrepreneurs will have no tendency to expand or contract output and employment when
• 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:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• A firm encountering economies of scale over some range of output will have a: