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When Mr. X and Co.’s production increases from 5 to 6 units, his marginal cost becomes?
- a)Rs. 8
- b)Rs. 14
- c)Rs. 10
- d)Rs. 6
Correct answer is option 'B'. Can you explain this answer?
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When Mr. X and Co.s production increases from 5 to 6 units, his margin...
When the production of Mr. X and Co. increases from 5 to 6 units, it allows us to analyze the change in the marginal cost. Marginal cost refers to the cost of producing an additional unit of output. To determine the change in marginal cost, we need to compare the costs of producing the 5th and 6th units.
Given that the marginal cost is the change in total cost divided by the change in quantity, we can use the following formula:
Marginal Cost (MC) = (Total Cost of 6 units - Total Cost of 5 units) / (6 - 5)
To calculate the marginal cost, we need information about the total cost of producing 5 units and 6 units. Unfortunately, this information is not provided in the question. Without this information, it is not possible to determine the exact value of the marginal cost.
Therefore, the correct answer cannot be determined based on the information provided. The options given (Rs. 8, Rs. 14, Rs. 10, and Rs. 6) are all potential values for the marginal cost, but we cannot definitively say which one is correct without additional information.
In conclusion, the answer to this question cannot be determined based on the information provided.
Given that the marginal cost is the change in total cost divided by the change in quantity, we can use the following formula:
Marginal Cost (MC) = (Total Cost of 6 units - Total Cost of 5 units) / (6 - 5)
To calculate the marginal cost, we need information about the total cost of producing 5 units and 6 units. Unfortunately, this information is not provided in the question. Without this information, it is not possible to determine the exact value of the marginal cost.
Therefore, the correct answer cannot be determined based on the information provided. The options given (Rs. 8, Rs. 14, Rs. 10, and Rs. 6) are all potential values for the marginal cost, but we cannot definitively say which one is correct without additional information.
In conclusion, the answer to this question cannot be determined based on the information provided.
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When Mr. X and Co.s production increases from 5 to 6 units, his marginal cost becomes?a)Rs. 8b)Rs. 14c)Rs. 10d)Rs. 6Correct answer is option 'B'. Can you explain this answer?
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