Average and Marginal Cost
Average and Marginal Cost: Overview
In this topic, we will discuss the formula to find out the average cost of any product. We will also learn that average cost is the sum of average fixed cost and average variable cost. Furthermore, it briefs on marginal cost.
Important Questions on Average and Marginal Cost
The cost of manufacturing units of a commodity is . Find the output where marginal cost is equal to average cost.

The cost of manufacturing units of a commodity is . Find the output where marginal cost is equal to average cost.

The cost of manufacturing units of a commodity is . Find the output where marginal cost is equal to average cost.

The cost of manufacturing units of a commodity is . Find the output where marginal cost is equal to average cost.

The cost of manufacturing units of a commodity is . Find the output where marginal cost is equal to average cost.

The cost function for a certain commodity is . Find average variable cost when items are produced.

The cost function for a certain commodity is . Find average variable cost when items are produced.

The cost function for a certain commodity is . Find average variable cost when items are produced.

If the total cost of producing and marketing units of commodity is given by , then find average fixed cost when units are produced.

If the total cost of producing and marketing units of commodity is given by , then find average fixed cost when units are produced.

If the total cost of producing and marketing units of commodity is given by , then find average fixed cost when units are produced.

If the total cost of producing and marketing units of commodity is given by , then find average fixed cost when units are produced.

If the cost function for certain commodity is , then find average total cost when items are produced.

The cost function for a certain commodity is . Find average variable cost when items are produced.

Find the total revenue and marginal revenue for a firm operating under pure competition with a current price of per unit.

Find the marginal revenue function for a monopolist's demand function which is .

Calculate the marginal revenue for any level of output when the demand function of a monopolist is given by .
Also, find the marginal revenue when .

The demand function of a monopolist is . Find the marginal revenue function.

Find the output when revenue is maximum in case when the demand function of a monopolist is .
