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12th Class Economics Sample Paper Economics - Sample Paper-1

  • question_answer
                           The Average Fixed Cost at 4 units of output is Rs. 20. Average variable cost at 5 units of output is Rs.40. Average Cost of producing 5 units is

    A) Rs.20                           

    B) Rs.40           

    C) Rs.56               

    D)   Rs.60

    Correct Answer: C

    Solution :

                Rs.56 Hint:  AFC at 4units =Rs.20, \[\therefore \]TFC=20\[\times \]4=Rs. 80 AVC at 5 units = Rs.40 \[\therefore \]TVC at 5 units =40\[\times \]5=Rs.200 TC at 5 units = TFC+ TVC = 80 + 200 =Rs.280         ATC=\[\frac{280}{5}=Rs56\]


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