A firm’s average total cost is ₹ 300 at 5 units of output and ₹ 320 at 6 units of output. The marginal cost of producing the 6th unit is:
A. ₹ 20
B. ₹ 120
C. ₹ 320
D. ₹ 420
Answer:D
A firm’s average total cost is ₹ 300 at 5 units of output and ₹ 320 at 6 units of output. The marginal cost of producing the 6th unit is:
A. ₹ 20 B. ₹ 120 C. ₹ 320 D. ₹ 420