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A competitive firm sells as much as of its product as it chooses at a market price of Rs. 100 per unit. Its fixed cost is Rs. 300 and its variable costs (in rupees) for different levels of production are shown in the following table.
 
Q. In the table marginal cost per unit that corresponds to 40 units of production is
  • a)
    Rs. 22
  • b)
    Rs. 85
  • c)
    Rs. 176
  • d)
    Rs. 880
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A competitive firm sells as much as of its product as it chooses at a ...
Marginal cost= ∆VC/∆Q
marginal cost is the additional cost firm put on to produce a additional unit
MC for unit at 40units
=(3400-2520)÷(40-35)
=880÷5
=176
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Community Answer
A competitive firm sells as much as of its product as it chooses at a ...
Answer is (d). 880
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A competitive firm sells as much as of its product as it chooses at a market price of Rs. 100 per unit. Its fixed cost is Rs. 300 and its variable costs (in rupees) for different levels of production are shown in the following table.Q.In the table marginal cost per unit that corresponds to 40 units of production isa)Rs. 22b)Rs. 85c)Rs. 176d)Rs. 880Correct answer is option 'C'. Can you explain this answer?
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A competitive firm sells as much as of its product as it chooses at a market price of Rs. 100 per unit. Its fixed cost is Rs. 300 and its variable costs (in rupees) for different levels of production are shown in the following table.Q.In the table marginal cost per unit that corresponds to 40 units of production isa)Rs. 22b)Rs. 85c)Rs. 176d)Rs. 880Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A competitive firm sells as much as of its product as it chooses at a market price of Rs. 100 per unit. Its fixed cost is Rs. 300 and its variable costs (in rupees) for different levels of production are shown in the following table.Q.In the table marginal cost per unit that corresponds to 40 units of production isa)Rs. 22b)Rs. 85c)Rs. 176d)Rs. 880Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A competitive firm sells as much as of its product as it chooses at a market price of Rs. 100 per unit. Its fixed cost is Rs. 300 and its variable costs (in rupees) for different levels of production are shown in the following table.Q.In the table marginal cost per unit that corresponds to 40 units of production isa)Rs. 22b)Rs. 85c)Rs. 176d)Rs. 880Correct answer is option 'C'. Can you explain this answer?.
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