If the cost of 7 m of cloth is Rs.294, find the cost of 5 m of cloth
Answered Feb 05, 2023
Cost of 7 m of cloth = Rs.294
Cost of 1 m of cloth = 294/7 = Rs.42
Cost of 5 m of cloth = 42 x 5 = Rs.210
Thus, the cost of 5 m of cloth is Rs.210.
(c) Total cost is Rs.330
When Marginal Cost is rising and Average Variable Cost is falling, Marginal cost lies below the Average Variable Cost. MC is less than AVC.
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