Average and Marginal Cost

IMPORTANT

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

EASY
IMPORTANT

The cost of manufacturing x units of a commodity is 4x2+5x. Find the output where marginal cost is equal to average cost.

HARD
IMPORTANT

The cost of manufacturing x units of a commodity is 4x2+3x. Find the output where marginal cost is equal to average cost.

EASY
IMPORTANT

The cost of manufacturing x units of a commodity is x2+3x. Find the output where marginal cost is equal to average cost.

EASY
IMPORTANT

The cost of manufacturing x units of a commodity is x2+4x. Find the output where marginal cost is equal to average cost.

MEDIUM
IMPORTANT

The cost of manufacturing x units of a commodity is 27+15x+3x2. Find the output where marginal cost is equal to average cost.

EASY
IMPORTANT

The cost function for a certain commodity is Cx=8+4x-x2. Find average variable cost AVC when 3 items are produced.

EASY
IMPORTANT

The cost function for a certain commodity is Cx=6+4x-x2. Find average variable cost AVC when 3 items are produced.

EASY
IMPORTANT

The cost function for a certain commodity is Cx=4+4x-x2. Find average variable cost AVC when 3 items are produced.

EASY
IMPORTANT

If the total cost of producing and marketing x units of commodity is given by 7x+16x2+2, then find average fixed costAFC when 5 units are produced.

EASY
IMPORTANT

If the total cost of producing and marketing x units of commodity is given by 3x+16x2+6, then find average fixed costAFC when 5 units are produced.

EASY
IMPORTANT

If the total cost of producing and marketing x units of commodity is given by 7x+16x2+6, then find average fixed costAFC when 5 units are produced.

EASY
IMPORTANT

If the total cost of producing and marketing x units of commodity is given by 7x+16x2+4, then find average fixed costAFC when 5 units are produced.

EASY
IMPORTANT

If the cost function for certain commodity is Cx=9-15x2+6x, then find average total costATC when 6 items are produced.

EASY
IMPORTANT

The cost function for a certain commodity is Cx=2+4x-x2. Find average variable cost AVC when 3 items are produced.

EASY
IMPORTANT

Find the total revenue and marginal revenue for a firm operating under pure competition with a current price of 15 per unit.

EASY
IMPORTANT

Find the marginal revenue function for a monopolist's demand function which is x=50-p4.

EASY
IMPORTANT

Calculate the marginal revenue for any level of output x when the demand function of a monopolist is given by p=1500-2x-x2.

Also, find the marginal revenue (MR) when x = 10

EASY
IMPORTANT

The demand function of a monopolist is P(x)=300-x2. Find the marginal revenue function.

EASY
IMPORTANT

Find the output x when revenue is maximum in case when the demand function of a monopolist is P(x)=300-x2