From the data provided it can be inferred that , for production levels in the range of 0 to 60 units:

From the data provided it can be inferred that , for production levels in the range of 0 to 60 units: ?

Created: 1 week ago | Updated: 1 week ago | Created By:

MC is an increasing function of production quantity .

MC is a decreasing function of production quantity

Initially MC is a decreasing function of production quantity, attains a minimum and then it is an increasing function of production quantity.

None of them

0 1

Best Answer Explained in Below-:

It can be seen that the marginal cost is increasing as production quantify is increasing. So, option (a) is the correct ans.

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ABC Ltd. is considering increasing the production level . What is the approximate marginal cost of increasing production form its July level of 40 units to 41 units?

Suppose that each widget sells for Tk. 150. What is the profit earned by AC Ltd. in July ? ( Profit is defined as the excess of sales revenue over total cost.)

From the data provided it can be inferred that , for production levels in the range of 0 to 60 units: ?

ABC Ltd. is considering increasing the production level . What is the approximate marginal cost of increasing production form its July level of 40 units to 41 units?

Suppose that each widget sells for Tk. 150. What is the profit earned by AC Ltd. in July ? ( Profit is defined as the excess of sales revenue over total cost.)

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