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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost2 Marks
Question
If it is given that the total variable cost for producing 15 units of output is ₹ 3,000 and for 16 units is ₹ 3,500. Find the value of Marginal Cost
✓

Answer

$\text{MC}_\text{n}=\text{TVC}_\text{n}-\text{TVC}_{\text{n}-1}=\text{TVC}_{16}-\text{TVC}_{15}$

$=₹3,500-₹3,000-₹500$

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