Download App

Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost4 Marks
Question
Complete the following table:
Output (Units)
Total Cost (₹)
Avarage Variable Cost (₹)
Marginal Cost (₹)
Average Fixed Cost (₹)
0
30
 
 
 
1
-
-
20
-
2
68
-
-
-
3
84
18
-
-
4
-
-
18
-
5
125
19
-
6
✓

Answer

Output (Units)
Total Cost (₹)
Average Variable Cost (₹)
Marginal Cost (₹)
Avearage Fixed Cost (₹)
Total Fixed Cost (₹)
Total Variable (₹)
0
30
 
-
-
30
0
1
50
20
20
30
30
20
2
68
19
18
15
30
38
3
84
18
18
7.5
30
72
4
102
18
18
7.5
30
72
5
125
19
23
6
30
95

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "4 Marks Question" from Production and cost→Production and cost — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

The following table shows the total cost schedule of a competitive firm. It is given that the price of the good is Rs. 10. Calculate the profit at each output level. Find the profit maximising level of output.
Price (Rs)
TC (Rs)
0
1
2
3
4
5
6
7
8
9
10
5
15
22
27
31
38
49
63
81
101
123
→
State the relation between marginal product and average product. Show this relation in a diagram.
→
A consumer spends ₹ 400 on a good priced at ₹ 8 per unit. When its price rises by 25 percent, the consumer spends ₹ 500 on the good. Calculate the price elasticity of demand by the Percentage method.
→
From the following information about a firm, find the firm's equilibrium output in terms of Marginal Cost and Marginal Revenue. Give reasons. Also find profit at this output.
Output (units) Total Revenue (₹) Total Cost (₹)
1 7 8
2 14 15
3 21 21
4 28 28
5 35 36
→
Find out the average cost in:
Total Output
(Units)
Total Cost (Rs)
0
120
1
180
2
200
3
210
4
230
5
270
6
360
→
At a price of $40$ per unit, the quantity supplied of a commodity is $400$ units. When its price falls by $10$ percent, its quantity supplied falls by $36$ units. Calculate its elasticity of supply. Is its supply elastic?
→
Suppose a consumer wants to consume two goods which are available only in integer units. The two goods are equally priced at Rs $10$ and the consumer's income is Rs $40$.
  1. Write down all the bundles that are available to the consumer.
    1. Among the bundles that are available to the consumer, identify those which cost her exactly Rs $40$.
→
Mr. X is conducting a survey in his locality to understand proportion of rich and poor persons in his locality. Due to lack of time, he did not cover a part of his locality and took certain assumptions for the data. Do you think he did the right thing?
→
What is Marginal Rate of Transformation? Explain with the help of an example.
→
Explain the effect of increase in income of buyers of normal commodity on its equilibrium price.
→