Average variable cost = Rs. 9 per unit Average fixed cost = Rs. 2 per unit The firm would be well advised to continue to produce if the per unit market price of the commodity is –
A. Rs.6
B. Rs. 7
C. Rs. 8
D. Rs.10.
Answer:D
Average variable cost = Rs. 9 per unit Average fixed cost = Rs. 2 per unit The firm would be well advised to continue to produce if the per unit market price of the commodity is –
A. Rs.6 B. Rs. 7 C. Rs. 8 D. Rs.10.