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Questions › JNU › JNU SSS 2020 › Q14
1 markMicroeconomics › Costs of production › Deriving cost functions and cost curvesHardabout 3 min

JNU SSS 2020 Question 14: Costs of production

When Average Variable Cost AVC = 10 – 5Q + 10Q2Q^2Q2. What will be output at minimum marginal cost when fixed cost is 50 ?

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When Average Variable Cost AVC = 10 – 5Q + 10 Q². What will be output at minimum marginal cost when fixed cost is 50? (A) 0.166 (B) 0.178 (C) 0.23 (D) none

Also written as: When Average Variable Cost AVC = 10 – 5Q + 10 Q^2. What will be output at minimum marginal cost when fixed cost is 50?

Costs of production has come up 83 times in 7 exams since 2006.

What this question tests

This question is on Deriving cost functions and cost curves, part of Costs of production in Microeconomics.

Working out cost curves from a cost function, a production function or a marginal cost schedule.

TestStop has 20 past-paper questions on this subtopic; the nearest in year are below.

  • IIT JAM 2022 · Q30The short-run production function is Q = 200 + 0.2L² - 0.0004L³. If the wage rate is Rs. 140 and labour L =…
  • IIT JAM 2022 · Q45The Total Variable Cost is TVC = x³ - bx² and the Total Fixed Cost is 848. The value of b for which Marginal…
  • GATE 2023 · Q59Consider the following short-run cost function: C(q) = 10q³-80q²+300q+50 At the minimum average variable…
Practise Costs of productionMore on Deriving cost functions and cost curves

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Question from the JNU SSS 2020 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.