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Model Paper 5 — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsModel Paper 51 Mark
MCQ
The average fixed cost at 4 units of output is ₹ 20. Average variable cost at 5 units of output is 40. Average cost of producing 5 units is:
  • ✓
    ₹ 60
  • B
    ₹ 56
  • C
    ₹ 20
  • D
    ₹ 40
✓

Answer

Correct option: A.
₹ 60
(a) ₹ 60
Explanation:
₹ 60 Average cost = Average fixed cost + Average variable cost
Average cost = 20 + 40 = 60

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