Direction.
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.
Total production in July is 40 units. What is the approximate average unit cost for July?
3600
90
140
115
Correct Answer :
C. 140
40 widgets means 2 shifts in operation since in one shift more than 30 is not possible, Fixed cost (FC) = 800 + 1200 = Rs. 2000
Variable cost (VC) = 3500
Total cost (TC) = 2000 + 3500 = 5500
Avg. Cost AC = 5500 / 40 = 137.5 140
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