CA CPT Model Test Paper 12 with solutions for online practice

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Use following table to answer questions 133-136.
 Quantity  Variable Cost  Fixed Cost  Total Cost  AVC  ATC  MC
 0  0          
 5  25          
 10  470          
 15  700          
 20  980          
 25  1350          
 30  1850          
 35  2520          
 40  3400          
 45  4530          
 50  5950          

A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table
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Question : 136
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