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  • Mechanical Engg. (GATE) 2011
  • The variable cost (V) of manufacturing a product varies a...
Multiple choice

The variable cost (V) of manufacturing a product varies according to the equation V = 4q, where q is the quantity produced. The fixed cost (F) of production of same product reduces with q according to the equation F = 100/q. How many units should be produced to minimize the total cost (V+F)?

  1. 5

  2. 4

  3. 7

  4. 6

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A Correct answer
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