1. A factory produces 1,500 electric machines per annum. The variable cost per machine is Rs. 100. The fixed cost is Rs. 50,000 per annum, 10 machines are manufactured in one lot. Find the marginal cost of production.

1. A factory produces 1,500 electric machines per annum. The variable cost per machine is Rs. 100. The fixed cost is Rs. 50,000 per annum, 10 machines are manufactured in one lot. Find the marginal cost of production.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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1. A factory produces 1,500 electric machines per annum. The variable cost per machine is Rs.
100. The fixed cost is Rs. 50,000 per annum, 10 machines are manufactured in one lot. Find the marginal cost
of production.

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