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:
• A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• If you know that the marginal utility per rupees spent on product Alpha is less than the marginal utility per rupees spent on product Beta, consumers who spend all their income on these two products can:
• The larger the diameter of a natural gas pipeline, the lower is the average total cost of transmitting 1,000 cubic feet of gas 1,000 miles. This is an example of:
• The marginal product curve is above the average product curve when the average product is :
• ______ shows the overall output generated at a given level of input:
• Which is not a fixed cost?
• If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because: