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Multiple choice

The average cost of 10 units is Rs. 250 and that of 11 units is Rs. 297. The marginal cost of 11th unit is

  1. Rs. 2

  2. Rs. 5

  3. Rs. 47

  4. Rs. 27

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The total cost of 10 units is Rs. 250 and that of 11 units is Rs. 297. Thus, MC of 11th unit is Rs. 47.

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