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Economics
The total costs are Rs2000 and 10 units are produced. The marginal cost of an 11th unit is Rs1300 Which of the following is true ?
A
The average cost increase from Rs20 to Rs30
Option A
B
The total costs for 11 units are Rs700
Option B
The average cost for 10 units is Rs1300
Correct answer
D
The average cost for 11 units is Rs1300
Option D
Correct answer: C
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