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Q.No.1. XYZ Ltd. Estimates its total cost Rs. C of manufacturing X unites of electronic gauges per month as C= 8500+ 250X+0.1 X2 a. Calculate
Q.No.1. XYZ Ltd. Estimates its total cost Rs. C of manufacturing X unites of electronic gauges per month as
C= 8500+ 250X+0.1 X2
a. Calculate the average cost of producing 250 gauges per month.
b. If the company doubles this out, will it halve its average cost?
c. How much I the average variable cost of producing 250 units per month?
d. What will be the average variable cost if no units are produced?
e. What will be the marginal cost function of the company?
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