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 If total cost at 10 units is Rs. 600 and Rs. 640 for 11th unit. The marginal cost of 11th unit is:
  • a)
    Rs. 20
  • b)
    Rs. 30
  • c)
    Rs. 40
  • d)
    Rs. 50
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
If total cost at 10 units is Rs. 600 and Rs. 640 for 11thunit. The mar...
Given:
Total cost of 10 units = Rs. 600
Total cost of 11 units = Rs. 640

To find: Marginal cost of 11th unit

Solution:
Marginal cost is the additional cost incurred in producing an additional unit of output.

To find the marginal cost of the 11th unit, we need to find the additional cost incurred in producing the 11th unit.

Additional cost incurred in producing the 11th unit = Total cost of 11 units - Total cost of 10 units
= Rs. (640 - 600)
= Rs. 40

Therefore, the marginal cost of the 11th unit is Rs. 40.

Hence, option C is the correct answer.
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If total cost at 10 units is Rs. 600 and Rs. 640 for 11thunit. The mar...
C
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If total cost at 10 units is Rs. 600 and Rs. 640 for 11thunit. The marginal cost of 11thunit is:a)Rs. 20b)Rs. 30c)Rs. 40d)Rs. 50Correct answer is option 'C'. Can you explain this answer?
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