Q 9

Q 9 Following information is given about a firm

Find out
a) AFC of producing 4 units
b) AFC of producing 5 units
c) Least average cost level of output
d) M.C.of producing the 3rd unit

a) AFC of 4th unit= 37.5 (150/4)        [as TFC=150 RS]
b) AVC of 5 units= 170
c) least AC level of output= 4 units
d) MC of producing 3rd unit = 180

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