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If the total cost of 10th unit is Rs200 and 11th unit is Rs230 than find out marginal cost of 11th unit of output using formula?
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If the total cost of 10th unit is Rs200 and 11th unit is Rs230 than fi...


Calculating Marginal Cost of 11th Unit

Given: Total cost of 10th unit = Rs200

Given: Total cost of 11th unit = Rs230

Formula for Marginal Cost:

  • Marginal Cost = Change in Total Cost / Change in Quantity


Calculating Marginal Cost of 11th Unit:

  • Change in Total Cost = Total cost of 11th unit - Total cost of 10th unit
  • Change in Total Cost = Rs230 - Rs200
  • Change in Total Cost = Rs30
  • Change in Quantity = 11th unit - 10th unit
  • Change in Quantity = 1 unit
  • Marginal Cost of 11th unit = Change in Total Cost / Change in Quantity
  • Marginal Cost of 11th unit = Rs30 / 1
  • Marginal Cost of 11th unit = Rs30


Therefore, the marginal cost of the 11th unit of output is Rs30.


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If the total cost of 10th unit is Rs200 and 11th unit is Rs230 than find out marginal cost of 11th unit of output using formula?
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