the average cost is Rs 20 and it is minimum when 4 units are produced. the marginal cost of producing 4 units is:
(a) Rs 20
(b) Rs 80
(c) Rs 24
(d) Rs 5
choose the correct option
The correct choice is (a) 20 units.
Because when AC = MC, AC is at its minimum point.
Because when AC = MC, AC is at its minimum point.