A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

Class 12 Exam > Class 12 Questions > A firm producing 7 unit of output has an aver...

Join the Discussion on the App

A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost?

Join for Free

Join for Free

View all answers Start learning for free

Explore Courses for Class 12 exam

Similar Class 12 Doubts

The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?

View answer

A company owned by Vikas Malhotra has a set target and objectives to achieve in the coming year. He informed the production manager in one of the meeting that the company has to produce 1 million units of the product every day to meet its objectives and Mr. Vikas has decided to monitor the performance of production manager so as to control it accordingly. Identify the importance of planning in the above case.

View answer

Why average product never become zero or negative in production and cost

View answer

What is likely to be impact of efforts towards reducing unemployment on the production potential of the economy? explain.

View answer

expain the law of variable production

View answer

Share with a Friend

Answer this doubt

Question Description
A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost?.

Solutions for A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.

Here you can find the meaning of A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost? defined & explained in the simplest way possible. Besides giving the explanation of A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost?, a detailed solution for A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost? has been provided alongside types of A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost? theory, EduRev gives you an ample number of questions to practice A firm producing 7 unit of output has an average total cost of rupees 150 and has to pay rupees 350 to its fixed factor of production whether it produces or not how much of the average total cost is made up of variable cost? tests, examples and also practice Class 12 tests.

Explore Courses for Class 12 exam