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Home Questions 3NVEBQK48U
Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

Study the table below and answer the question.

Output TFC     TVC     TC    
0 20 0 20
1 20 10 30
2 20 18 38
3 20 24 44
4 20 29 49
5 20 33 53
6 20 39 59

What will be the AVC at zero output?

Options:

0

20

undefined

5

Correct Answer:

undefined

Explanation:

The correct answer is Option 3: undefined

AVC (Average Variable Cost) at zero output is 0/0. In economic terms regarding cost functions, it is considered as undefined.

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