Use the following data to answer question 33 and 34: Quantity 0 10 20 30 40 Total Cost (in ₹) 100 220 320 410 510 What is the average variable cost…

CA Foundation · Business Economics · PYQS · May 2025
Use the following data to answer question 33 and 34: Quantity 0 10 20 30 40 Total Cost (in ₹) 100 220 320 410 510 What is the average variable cost when 20 units are produced?
(A) A. ₹ 5
(B) B. ₹ 10
(C) C. ₹ 11
(D) D. ₹ 16

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. ₹ 11

Topics: Theory of Production and Cost

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