Directions: Answer the questions based on the following information:
ABC Ltd. Produces widgets for which the demand is unlimited and they can sell all of their production. The graph below describes the monthly variable costs incurred by the company as a function of the quantity produced. In addition, operating the plant for one shift results in a fixed monthly cost of Rs. 800. Fixed monthly costs for second shift operation are estimated at Rs. 1200. Each shift operation provides capacity for producing 30 widgets per month.

Note: Average unit cost, AC = Total monthly cost / monthly production, and Marginal cost, MC is the rate of change in total cost for unit change in quantity produced.

For monthly production level in the range of 0 to 30 units,

A. AC is always higher than MC.

B. AC is always lower than MC.

C. AC is lower than MC up to a certain level and then is higher than MC.

D. None of the above is true.

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. Which product had the largest percentage increase in price per cubic metre over the 7 year period?
  2. What is the ratio of the total number of males to the total number of females passed out from all the…
  3. The number of men who joined the club in 2010 was what % of the total number of people who joined the…
  4. In which year is the profit per rupee of equity the highest?
  5. Which month records the highest profit?
  6. What is the average monthly expenditure during the year 1999 covering the period shown in the graph?
  7. Approximately, what was the actual profit made by the department store in the second quarter of 1999?
  8. In which value score, there exists convergence between personal profile and average female profile?
  9. The number of students keeps on increasing by 50 every years. In 1998, there were 250 students. For…
  10. The expenditure in April 1999 was . . . . . . . . higher than that of corresponding period in 1998.
  11. Which month has the highest profit per employee?
  12. The price volatility of the commodity with the highest PV during the February-July period is approximately…
  13. What was the difference between the average sales index and the average cost index?
  14. In which month was the greatest absolute change in market value for any share recorded?
  15. The maximum increase in price per cubic metre for any product between two years was
  16. What total expenditure has been made during the year 1997 and 1998 in the period covered in the graph?
  17. In which year was the increase in spending on CSR, vis-a-vis the previous year, the maximum?
  18. During the period 1998-2000, how many quarters exceeded the profit of Rs. 150 lakh?
  19. In the year 2000, total profit made by the departmental store was approximately :
  20. What is the average per cent profit earned by the company over the years?
  21. In which year, were the gross sales proceeds the highest?
  22. In which of the following years, there was the maximum net growth in car sales as compared to its earlier…
  23. The number of educated and illiterate members (not highly educated) who joined the club in 2013 as a…
  24. If the forecasted demand is met by having uniform production during the weeks at an average level, then…
  25. In which year is sales per rupee of equity the highest?
  26. With profitability as defined in question 137, it can be concluded that
  27. In how many months out of the given 7 months expenditure in 1998 is more than that in 1997 but less…
  28. In 2004, the prices of plywood, sawn timber and logs went up by 5%, 1% and 10% respectively and the…
  29. If the profit earned by the company in the year 2008 was 90,000, what was the income of the company…
  30. ABC Ltd. is considering increasing the production level. What is the approximate marginal cost of increasing…