The average fixed cost at 4 units of output is Rs.20. Average variable cost at 5 units of output is Rs.40.
The average fixed cost at 4 units of output is Rs.20. Average variable cost at 5 units of output is Rs.40. Average cost of producing 5 units is:
(a) Rs.20
(b) Rs.40
(c) Rs.56
(d) Rs.60
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