If the total cost for producing 10 units is Rs 2000 and the marginal cost of producing the 11th unit is Rs 1300, which of the following statements is correct?
Explanation
Given the total cost for 10 units is Rs 2000, the average cost per unit is Rs 200 (2000 ÷ 10). The marginal cost of the 11th unit is Rs 1300. Option C incorrectly states the average cost for 10 units as Rs 1300, which is not true. Therefore, none of the provided options correctly describe the situation.